Oil prices crashed, equities plunged and currencies and bonds saw wild moves as panic appeared to grip financial markets in the aftermath of a full-blown price war in crude.
Futures on the S&P 500 Index fell about 5%, triggering trading curbs. Japanese stocks sank 6% and futures on the U.K.’s FTSE 100 Index tumbled over 6%. Exchange rates including the yen and Australian dollar saw sudden moves that showed traders struggling to establish where new trading ranges might be. Sovereign bond yields plumbed fresh lows, on mammoth moves including a tumble of more than a quarter percentage point for 10-year U.S. yields.
Nikkei -5.07% Hang Seng -3.5% CSI -3.21% Shanghai -2.80% Shenzen -3.45%
Eur$ 1.1408 CNH 6.9442 CNY 6.9425 JPY 102.66 GBP 1.3060 CHF 0.9259 RUB 73.06 (-6.2%) TRY 6.16 WTI$29.40 -28.75%
S&P -4.90% (Limit down) NAsdaq -4..82% EuroStoxx -7.% FTSE -6.52% Dax -6.85%
Macro :
- EU’s Breton Urges Banks to Lend to Businesses Amid Outbreak
- ECB Allows Greek Banks to Buy More of Country’s Sovereign Debt
- VIX Options Bought Near 50 Cents Paying Off With Massive Gains
- Senior Saudi Arabian Princes Detained and Accused of Treason
- Saudi Prince’s $2 Trillion Aramco Vision Fades on Oil-Price War
- Putin Dumps MBS to Start a War on America’s Shale Oil Industry
- JPMorgan Sees ‘Early Signs’ of Stress on Credit and Funding
Keep an eye on :
- AIR FP : Why Did Boeing’s Warning on 737 Max Fail to Stop Second Crash
- AMS SW : AMS Maintains First Quarter Adjusted Ebit Margin 19% To 21%
- AAPL US : Apple Says Some iPad Air Devices Facing Blank Screen Issues
- AAPL US : Reportedly the release of 5G iPhone could be delayed by a month to Oct due to coronavirus outbreaks worldwide - Global Times
- ATL IM : Atlantia Postpones Board Meeting on FY Results to April 28
- BAYN GY : Bayer Investor Sues Top Officials for ‘Disastrous’ Monsanto Deal
- BBVA SM : BBVA May Increase Payouts to Shareholders, Chairman Tells ABC
- BEAN SW : Belimo Full Year Dividend Per Share CHF150.00
- CA FP : Barron's +ve article : Carrefour’s Hypermarkets Shook Up Retailing. Now It Has to Play Defense. - Link : http://bit.ly/32Z14Kv
- CO FP : Casino Is Still in Talks to Sell French Discounter Leader Price
- CRBN NA : Corbion Sets Targets for 2020-2025; Dividend in 2019 EU0.56/Sh
- CSGN SW : Finma Appoints Thomas Werlen as Credit Suisse Investigator: NZZ
- DIS US : Shanghai Disney Resort Resumes Part of Operations on Monday
- EZJ LN : Easyjet Suspends Flights to Northern Italy After Government Imposes Lockdown
- ENX FP : Euronext Feb. Total Cash Market Transaction Value M/M +24.8%
- HYQ GY : Hypoport Full Year Ebit Misses Lowest Estimate
- ISP IM : Intesa to Proceed With UBI Deal With 50.1% Adherence: Corriere
- KNIN SW : Kuehne + Nagel Sells Part of U.K. Contract Logistics Ops to XPO
- LEO SS : LeoVegas Shares Have 35% Upside, Dagens Industri Says
- LSE LN : LSE Shares Fall as Citi Flags Weaker Outlook For Refinitiv
- OR FP : Bubble bursts for US make-up market - FT - https://on.ft.com/38vD7f1 --> -ve for L'Oreal
- LHA GY : Lufthansa Raises Liquidity, Discusses Concessions From EU: DJ
- LHA GY : Lufthansa Mulls Seeking Government Aid Amid Coronavirus Hit
- MC FP : LVMH Stalls on Bid to Buy Ritz Hotel, Mail On Sunday Reports
- MC FP : City AM: British fashion giant Stella McCartney swings to £11m loss
- MITRA BB : Mithra Pharma Full Year Oper Profit From Cont Ops EU26.0 Mln
- NXI FP : Nexity Buys 65% of Pantera to Enter German Market
- COX FP : Nicox’s Partner Secures Extra Approval for Vyzulta in Taiwan
- NMC LN : NMC Health Delays Paying February Salaries to Staff: Reuters
- NOVN SW : FDA Approves Isturisa for Adults With Cushing’s Disease
- OMV AV : OMV Eyes $4.7 Billion Borealis Deal in Shift to Petrochemicals
- PRU LN : Prudential Plc Prepares to Split Off U.S. Business: Telegraph
- REC IM : FDA Approves Isturisa for Adults With Cushing’s Disease
- SBUX US : Starbucks Closes Seattle Store After Confirming Coronavirus Case
- SAA LN : Hedge Funds, Private Equity Eye M&C Saatchi, Sunday Times Says
- WAF GY : Siltronic Sees Possible Major Coronavirus Impact on 2020 View
- STAN LN : Stanchart Says CEO Winters to Remain at Bank: Reuters
- UHR SW : Swatch CEO Doesn’t See Crisis for Swiss Watch Industry, SZ Says
- TSCO LN : CP All to Buy Up to 40% of Tesco Thai, Malaysia Business for $3B
- TIT IM : Italy Fines Telecom Italia EU116m for Hindering Fiber Rollout
- URW NA : Unibail-Rodamco Reaches Pact on Credit Agricole, Francaise JV
- UHR SW : Veraison Buys Swatch Stake Below 3% Reporting Threshold: FuW
- YAR NO : Qatar Petroleum to Pay $1 Billion for Yara Fertilizer Stake (1)
- YPSN SW : Ypsomed Sees Full Year Ebit CHF9 Mln