While EURUSD had managed to clamber back into the green from a modest 25pip drop (bouncing off 1.3500), carry crosses (most specifically AUDJPY) are ebbing lower and Oil and Gold's soft opening is dragging equity futures to a dismal start. ES opened -13pts (around 1%), below its 50DMA (first time since 10/10) and at its lowest in over a month. With TSYs not open yet, ES is mildly lower than CONTEXT but we would expect the implicit shift in 2s10s30s to sync up with equity derisking.
UPDATE: ES 1201 seemed to spur some serious volume for the overnight session.
UPDATE 2: NEW YORK MAYOR TO HOLD NEWS CONFERENCE AT 7:30 P.M. (0030 GMT) ON TERRORISM-RELATED ISSUE - CNN