Asian equities and U.S. Futures declined on Monday as strong tightening signals from the U.S. Federal Reserve Chair Jerome Powell and European Central Bank undermined risk appetite.
Equities fell in Japan and South Korea, while futures edged lower earlier in Hong Kong. S&P 500 futures dropped while Nasdaq 100 futures also fell after the tech gauge look poised for the worst month since 2008.
The Singapore-traded SGX Nifty, an early barometer of India’s benchmark Nifty 50, fell over 1% to 16,979 points as of 6:45 am.
Macron defeated far-right leader Marine Le Pen in the French presidential election on a pro-business platform, bolstering the euro.
Oil fell toward $100 a barrel — after sliding for the third week in four — as China lockdowns amplify demand fears. Bitcoin fell to $39,000.
