Market Overview - Page 400

Earlier today, the market’s confidence that the Federal Reserve will slash its benchmark interest rate target to zero by next week temporarily soared to nearly 95%. But if the Fed cuts interest rates all the way to zero, there’s a.

Stocks cratered Monday as investors grappled with the sinking price of oil and the spread of the coronavirus. The Dow Jones Industrial Average tanked 1,819 points — 7% — on pace for its worst day since December 2008, while the.

Market overview Stock market volatility rolls over. Trading in US indices trading halted during the day after reaching the limit-down, losing more than 8% from Friday’s closing level. EuroStoxx50 decreased by 7%, partially recovering from more than 10% intraday drawdown,.

It is hard to imagine a more negative combination of factors that are now acting against Oil. No exaggeration, it’s a real perfect storm. No one knows for sure where is the bottom for the Crude Oil, because right now.

Last month’s brutal stock market correction wiped $3.6 trillion from equities in one week. Further, within the space of nine days the S&P 500 Index crashed 10% from an all time high in the shortest ever amount of time. After.

This week started with a massive decline in bitcoin from well above USD 8,500. BTC/USD tumbled around 10% and it broke many supports near the USD 8,400 and USD 8,000 levels. The price is currently correcting higher, but upsides are.

Pacific Investment Management Co (PIMCO), one of the world’s largest investment firms, told clients on Sunday the coronavirus outbreak is likely to cause a relatively mild and short recession though tight credit markets could worsen the downturn. The worst for.

Cryptocurrency markets plunged following a plummet in oil prices and further sell-off in stocks. The market capitalization or entire value of cryptocurrencies was down $26.43 billion from a day earlier at around 1:17 p.m. Singapore time, according to data from.

Oil prices plunged after OPEC’s failure to strike a deal with its allies regarding production cuts caused Saudi Arabia to slash its prices as it reportedly gets set to ramp up production, leading to fears of an all-out price war..

Italy’s extended quarantine measures restricting the movement of people in the northern regions have provoked panic among residents and accentuated the country’s north-south divide. On Sunday, Prime Minister Giuseppe Conte signed a decree imposing restrictions to the movement of people.

Nonfarm payrolls grew far more than expected in February as companies continued to hire leading into a growing coronavirus scare. The Labor Department reported Friday that the U.S. economy added 273,000 new jobs during the month, while the unemployment rate.

OPEC and non-OPEC allies have reportedly failed to agree on how much production to cut amid the coronavirus outbreak, with Russia refusing to give the green light to the deepest supply cuts since the global financial crisis. Oil prices slipped.