There is a smell of risk aversion in the air as now even the Nasdaq falls into the red

Following on from the previous update noting how the European stock markets were falling further into the red, the losses there have now deepened somewhat and now even the Nasdaq 100 is falling into the red. Oil prices are lower and the Yen is gaining again versus the likes of the Pound and the Euro. There is a scent of risk aversion beginning to waft around the markets just now and the prospect of a US slowdown seems more elevated after the latest US ISM data. Couple that with a European picture that is simply not improving and then add that to the risks of an all out war in the Middle East and it is all looking a little toxic just now. The Nasdaq 100 futures might get a lift after the closing bell this evening when those major tech companies report (Amazon and Apple), but then again it might not- we shall see. There will be more updates to follow when those results become known, but for now that is if from here. The Nasdaq 100 is currently trading at 19,275