2012.05.08 16:16:18 MARKET TALK: US Stock Futures Track 'Risk-Off' Currency Trade

10:16 (Dow Jones) S&P 500 futures closely tracking a decline in the Australian dollar versus the yen this morning, a "risk off" forex move that indicates investors are declining to borrow the yen to buy higher-yielding currencies, according to Stifel trader Dave Lutz. The activity is the latest case of correlation in global markets on days when euro-zone worries dominate the tape. DJIA off 113, S&P 500 down 13. (matthew.jarzemsky@dowjones.com) Call us at (212) 416-2181 or email john.shipman@dowjones.com (END) Dow Jones Newswires May 08, 2012 10:16 ET (14:16 GMT)