Financial Market Preview - Tuesday 15-Aug

US equity futures are indicating a lower open as of 05:00 ET. This follows mixed Asian trade, while European equity markets are under pressure. The higher rate backdrop is in focus as the Treasury 10Y real yield hit its highest level since 2009. China unexpectedly cut the MLF rate while injecting a net CNY1B in medium-term liquidity. Russia has raised rates by 350 bps to 12% after recent rouble weakness.