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    Nylon Handover: Risk-off dominates the table

    What made the overnight session more novel was the lack of mention of China during turbulent markets. 

    - Markets tumbled overnight and for once China has not been blamed, as their markets are closed to celebrate Chinese New Year. 
    - European equities broke to new lows, as global growth concerns and the deteriorating health of the financial sector saw the typical flight to safety. 
    - Athens stock exchange now sits at its lowest since 1991 as investors pricing in a delay to their bailout performance review. 
    - Safe haven flows saw JPY and CHF crosses dominate the currency markets whilst Gold moved within striking distance to $1198 overnight. 
    - WTI returned to a 4-day low to add to investors concerns for growth. 

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