Comment / On the wires: April Fool's selloff rewind

Just a slap on the wrist?

Last Friday, the US transport and logistics (T&L) sector was on its knees in the financial markets but the shockwaves were contained in Asia today – pointing to decoupling there – while Europe looked for direction in very early trades, although the most prominent T&L stocks on our radar were indeed strained (from -2% to -6%).

With US stock futures flat in overnight trade on Sunday, we could be all set for a bounce today. However, as ...