It felt at first as though the moderate losses in the US market might signal some end to the bleeding, but actually no.
Japan is off 1% in the early hours of trading.
The euro, which had briefly broken $1.24 has fallen back to $1.23.
Other than that, it seems quiet. We have a hard time imagining that that will last.
For a recap of what happened during the US trading day, see here.
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