US Equity markets opened lower by about 1% on Monday, following two consecutive daily declines late last in the wake of the unfolding collapse of tech-heavy Silicon Valley Bank and crypto-focused Signature Bank.
The broad S&P500 index was down by 1.2% in the first 10 minutes of trading, the NASDAQ by 1.2%, and the DJIA by 0.4%.
European exchanges are trading off by between 2-4% on Monday, playing some catch-up to the Friday declines in the US.
Shares of publicly traded Retail FX and CFD brokers are also taking it on the chin, with Swissquote down Monday by 7.5%, NAGA Group off 6.8%, XTB down 3.6%, and IG down 3.8%.
Interestingly,…
Read More
