US stock futures dumped amid intensifying risk-off mood. Coronavirus curbs, banking woes hit risk, boost the dollar. US fiscal gridlock remains a drag ahead of Fed’s Powell. The risk sentiment took a further hit in the European session, as the S&P 500 futures (risk barometer), extended the declines below 3,300 levels to hit fresh two-month lows of 3,248. At the press time, the US stock futures trim losses to trade around 3,270, still down 1.50% on the day. The bears tightened the grip after the coronavirus lockdown worries aggravated in the European trading and knocked-off the regional equities. The virus second-wave is intensifying in Europe, with a spike in infections prompting authorities to consider reimposing region lockdowns and stricter measures. Denmark and Greece already announced new restrictions last Friday. The UK Prime Minister (PM) Boris Johnson is weighing in another lockdown while parts of the Spanish capital Madrid are under lockdown restrictions once again to contain the virus spread. The market sentiment also remains dampened by the sell-off in the banking sector stocks on the European indices. Reports of HSBC, Standard Chartered, Barclays and other banks allegedly involved in illicit money flows hammered their stocks to the lowest levels since 1998. Further, the gridlock on the US fiscal stimulus also does little to boost the market mood but underpins the haven demand for the greenback across its main competitors. Attention now turns towards the US Federal Reserve (Fed) Chairman Jerome Powell’s speech for fresh hints on the monetary policy, which could have a significant impact on the Wall Street sentiment. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Australia: Unemployment expected to increase by year-end – UOB FX Street 2 years US stock futures dumped amid intensifying risk-off mood. Coronavirus curbs, banking woes hit risk, boost the dollar. US fiscal gridlock remains a drag ahead of Fed’s Powell. The risk sentiment took a further hit in the European session, as the S&P 500 futures (risk barometer), extended the declines below 3,300 levels to hit fresh two-month lows of 3,248. At the press time, the US stock futures trim losses to trade around 3,270, still down 1.50% on the day. The bears tightened the grip after the coronavirus lockdown worries aggravated in the European trading and knocked-off the regional equities. The virus… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.