European indices and US futures have erased whatever gains there were in the beginning, with barely any slight rebound attempts. Everything went south after the comments from China, but we've seen it before. However, the rather early fragile risk sentiment. Their comments are more difficult to accept this time because they threaten the optimism that the talks will take place next month.
That is enough to shake the markets again. It also shows how sharp the markets' sensitivity to risk is and the constant mood swings.
That is why the data from the US economy later today will be in focus, and any surprise or disappointment will be taken more dramatically than expected. Expect another cannonade from Trump Tweets later today. The carousel is open.
Graphs: Used with permission of Bloomberg Finance L.P.
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