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Equities and crude lower amid a broader downbeat risk tone; Boeing (-8.4%) shares sink on grounding

·1 min

European and US Futures are modestly lower amid the negative risk tone. Boeing shares are down 8.5% pre-market as the FAA orders a grounding/inspection of 737 Max 9 planes operated by US airlines. The Dollar is holding steady within a tight range, while the Japanese yen is bid in line with the risk-averse environment. Bonds are divergent, with Treasuries remaining flat and Bunds dipping slightly lower. Crude oil prices are significantly lower, along with base metals, due to a firmer Dollar and the overall negative sentiment.