Monday, August 22, 2016

Risk Aversion Rules Roost Amid Rate Fears

The major U.S. index futures are pointing to a lower opening on Monday,ÿÿwith sentiment reflecting risk aversion amid fears concerning a Fed rate hike. The dollar is firmer in reaction to the expectation, while commodities are lower. Oil is retreating from a 7-week high. Global cues aren't enterprising, with European stocks also wallowing in negative territory.

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