Globex is open! US equity index futures drop. S&P500 (ES) down 0.7%. NASDAQ (NQ) down 0.9% ...Middle East

Equity index futures:

ES down 0.7%NQ down 0.9%

30 year T futures down 21 ticks10 year down 7 ticks

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The weekend didn't bring any good news:

The weekend news hasn't been great for market confidenceUK PM Starmer expected to announce Brexit ­"reset" deal on Monday. (Is Brexin the word?)Australian PM Albanese says he's "up for a deal" with Europe on free tradeECB's Lagarde:EUR/USD up justified by the uncertainty & loss of confidence in US policiesEuropean Central Bank Board Member Schnabel cautious on a June ECB rate cutECB’s Kazaks: Rate cuts may be nearing end, but outlook still uncertainFriday bombshell: Moody's downgrades US credit rating

Since then, a positive for the euro from Romania:

Romanian centrist Presidential candidate ahead with 54.3% after 97% of votes countedWeekend: Bessent threatens tariff rates to return to ‘reciprocal’ levels if no trade dealFormer President Joe Biden was diagnosed with an "aggressive form" of prostate cancer This article was written by Eamonn Sheridan at www.forexlive.com.

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