G7 Promises To Pump In Liquidity, Selloff Moderates

In light of global turbulence, G7 Finance Ministers have come together and promised an injection of liquidity around the world.

The effect?

The selling has already abated. After being down by over 2.7% at one point, US futures are off less than 2%.

So far, not quite the panic everyone was expecting, but the day is young.

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