While USDJPY is not moving much, no clear news from Scotland (GBP is modestly weaker) [3] and an opposition win in Sweden (Krone weaker) along with China's dismal data (and Securities Journal note that no rate cut is coming anytime soon from the PBOC) [4] sparked some significant selling in US stock futures at the open (-13 points). Treasury futures are modestly higher as S&P future are stabilizing around -7 points for now extending losses from Friday as AUDJPY slides...
US equity futures down notably...
[5]
seemingly led by AUDJPY weakness (AUD weakness and JPY unchness) on the back of China data
[6]
Charts: bloomberg
