🇺🇸 USA
$SPX500 — Sharp drop on Friday's close, signaling widespread profit-taking and growing recession fears.
$DJ30 — Widespread selling, the index gives up ground significantly after hitting recent highs.
💻 Tech Snapshot
$NVDA (+1.67%) — Under pressure, suffering from the general sell-off in large-cap stocks.
$QBTS (+5.91%) — Clear correction, investors take profits after last week's rally.
$AVGO (+3.06%) — Down, the semiconductor sector faces a phase of weakness.
$AMZN (+0.52%) — Marked decline, the e-commerce and cloud sector is affected by economic uncertainty.
$META (+0.7%) — Significant slump, in line with the sharp selling in growth stocks on Friday.
$MSFT (-0.01%) — Downward pressure, the stock aligns with the weakness in the tech sector.
$SHOP (+0.49%) — Sharp fall, continues to lose ground after outperforming.
🇪🇺 Europe
STOXX 600 — Decidedly negative opening, influenced by pessimism from Asia and the US.
GER40 futures — Moves in significant contraction, caution dominates ahead of confidence data.
🏦 European & Italian Banks
$$UCG (+1.1%) — Decisive drop, in line with the strong pressure on the financial sector.
$$ISP (-0.06%) — Moves into marked negative territory, limited by the general adverse climate.
$$BAMI (-1.45%)
$CE (-0.89%) , $BPE (-0.05%) — Generalized selling across Italian mid-cap banks.
$$BBVA (-0.14%) — Under strong pressure, international exposures amplify concerns.
🌏 Asia
$JPN225 — Trending down, despite the stabilization of the Yen, sentiment remains negative.
$KOSPI — Registers a fall, the tech sector is affected by global risk-off mood.
$HK50 — Sharp decline, due to renewed tensions over US-China tariffs.
$BABA (+2.28%) — Further decline, reflecting ongoing regulatory uncertainty and weakness in the Chinese tech sector.
$CHINA50 — Weak, balanced between government support and fears of a global recession.
💱 Forex
$EURUSD — Moves in slight contraction, the Dollar acts as a haven in this phase.
$GBPUSD — Weak, the market assesses the economic slowdown.
$USDJPY — Stable, with investors maintaining caution.
$DXY — Solid recovery, strengthened by generalized risk-off.
🥇 Gold
$GLD (+1.21%) — In solid increase, gold confirms itself as the primary safe-haven asset during phases of strong market uncertainty.
🛢 Oil
$BRENT — Trending down, due to fears of weaker global demand resulting from recession fears.
$WTI — Losing ground, affected by the negative macroeconomic sentiment.
💰 Crypto
$BTC (-1.15%) — Slight pullback, following the risk-off in equity markets.
$ETH (-0.41%) — Following Bitcoin, showing a cautious tone in line with high-risk assets.
🔎 Deep Dive: Markets and Crypto (Friday - Today)
The period between the close on Friday, October 10th, and today's open has been characterized by an abrupt and widespread risk-off sentiment.
Equity Markets: The sell-off started aggressively in the US, where data on slowing growth and persistent inflation triggered a strong rotation out of risky assets. The SPX500 recorded a significant drop, with growth and tech stocks ($META, $NVDA) particularly hit. In Europe, this sentiment was compounded by internal weaknesses (such as banks and cyclical sectors), leading to a soft opening. Over the weekend, news of renewed US-China tariff tensions severely impacted Asia, particularly Hong Kong stocks (HK50) and Chinese giants like BABA. The only true escape valve for investors has been the run to Gold ($GLD), which confirms itself as the ultimate haven in macro crises.
Crypto Market: In this phase of risk aversion, digital assets BTC and ETH were also not spared. Historically, cryptocurrencies have shown an increasing correlation with equity risk. The Dollar's recovery (DXY) and general market weakness triggered profit-taking, forcing BTC and ETH into a technical consolidation phase below recent highs. This trend once again refutes the narrative of crypto being a total safe haven; instead, cryptocurrencies are currently moving as high-beta speculative assets, sensitive to global liquidity flows.
PS: Following the sharp sell-off in the markets on Friday and the $QBTS correction, it is crucial to remain calm and stick to support levels. If Gold ($GLD) continues its run, it might be wise to increase exposure to safe havens.
⚠️ Disclaimer: Past performance is not indicative of future results. Investing involves risks, including the loss of capital.