A global flight from risk assets continued on Wednesday after fears about the US economy and a retreat from big tech triggered a sharp decline in US stocks.
Europe’s STOXX 600 index dropped 0.9% with technology stocks such as ASML Holding taking the biggest losses. S&P 500 futures pulled back 0.5% after the gauge suffered its worst day since the Aug. 5 market meltdown. Traders are now bracing for further volatility as they await Wednesday’s US job openings report. In geopolitics, Israeli Prime Minister Benjamin Netanyahu is sticking to his hard-line approach on Hamas, in the face of mass protests at home over the killing of six hostages and the suspension of some British arms licenses.
Today’s guests: Patrick Armstrong, Plurimi Wealth CIO; Yuko Takano, Pictet Asset Management; Richard David Harpin, Homeserve, Founder & Chairman
Chapters:
00:00:00 – The Pulse with Francine Lacqua
00:01:01 – Patrick Armstrong, Plurimi Wealth CIO
00:07:31 – Yuko Takano, Pictet Asset Management
00:12:30 – Japanese Yen gained on hawkish Ueda, haven rush
00:16:16 – Brent crude erases 2024 gains
00:19:31 – Headlines
00:21:04 – EXCLUSIVE: Richard David Harpin, Homeserve, Founder & Chairman
00:29:28 – MLIV: Market sell-off
00:32:29 – US charges Hamas leader Sinwar
00:35:23 – Forum on China-Africa cooperation
00:38:18 – Engine parts shortage hit Cathay Pacific
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