Bears are raging across most markets, while bulls have traditional safe havens to hide behind.
List of few victims of Massacre Monday and intensity of the damage -
Starting from the East
- Japan - While cash Nikkei was able to close -4.61% for the day, futures pointing to further drop, down more than -7% so far today. Japanese currency, safe haven Yen is up 1.9% against Dollar.
- China - China's benchmark stock index, Shanghai composite closed -8.5% down. Offshore Yuan is down close to 1% against Dollar.
- India - China's benchmark stock index, Nifty is down -5.9% today, largest since 2008 crisis. Indian Rupee is down more than 1% against Dollar.
- UK - FTSE 100 is down -4.4% today so far. Pound has gained 0.5% against Dollar.
- Germany - German DAX is down -4.7%.
- France - France's CAC40 is down -4.9% today so far.
- Euro zone - European blue chip benchmark, Eurostxx is down -3.3%, while Euro is up 1% against Dollar.
- US - US market is yet to open. S&P 500 future is down -3.3% heading into US market open.
Commodities are no impervious to pain
- Energy - US benchmark WTI is leading the fall, down -4.25% today. Brent is down -3.5%. Natural gas is down -1.87%.
- Metals - Copper is leading the drop, down -3.04%. Gold is up 0.17% over safe haven demand but silver is down more than 2%.
Bonds are shining, especially developed markets ones
- US - 2 year treasury yields dropped 7 basis points to trade at 0.58%. 10 year treasury yields dropped 23 basis points to trade below 2%. Canada's 10 year benchmark yield dropped 4 basis points to 1.23%.
- Europe - German 10 year yield dropped 15 basis points to trade 0.54%. Switzerland 10 year yield dropped 16 basis points to trade at -0.23%. French 10 year yield dropped 4 basis points to trade 0.93%.
- Asia - Australian 10 year yield dropped 16 basis points to trade at 2.5%. New Zealand's 10 year yield dropped 10 basis points to trade 3.14%.