Market Overview - Page 416

Russia’s central bank is expected to keep its key interest rate unchanged on Friday, putting its monetary easing cycle on hold after a rapid slump in the rouble amid mounting economic risks, a Reuters poll showed on Monday. The Bank.

The stock market will plunge deeper into bear market territory on Monday. Dow Jones Industrial Average (DJIA) futures fell 5% overnight, triggering circuit breakers to halt trading. The drop comes as New York prepares to shut down schools, bars, and.

One bitcoin trader lost 1,220 BTC on March 12, when the price of the dominant cryptocurrency fell by 50 percent in a single day. As the downtrend of the crypto market worsens, large-scale multi-million dollar liquidations can happen again. Last.

European markets plunged on Monday as much of the region went into shutdown mode to prevent the spread of the new coronavirus. The pan-European Stoxx 600 dropped 8% near the start of trading, travel and leisure stocks plummeting 14.3% to.

Oil prices slid more than 6% on Monday as the acceleration in coronavirus cases worldwide, which is bringing travel and business to a standstill, further dents global demand for crude. U.S. West Texas Intermediate crude dropped 6.4%,or $2.05, to trade.

The Federal Reserve, saying “the coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States,” cut interest rates to essentially zero on Sunday and launched a massive $700 billion quantitative easing program to shelter.

The Fed emergently cut the rate by 75 points to 0.00%-0.25% on Sunday night. Two hours earlier, RBNZ also cut its rate by 75 points to a historic low of 0.25%. This morning, the Bank of Japan expanded its QE.

Saudi Arabia is flooding markets with oil at prices as low as $25 per barrel, specifically targeting big refiners of Russian oil in Europe and Asia, in an escalation of its fight with Moscow for market share, five trading sources.

Europe has become the new epicenter of the COVID-19 pandemic as cases in China slow and the deadly coronavirus runs through Italy and the rest of that continent, World Health Organization officials said Friday. “More cases are now being reported.

Market overview High volatility of stock markets after yesterday’s collapse remains. S & P500 since the start of trading on Friday added 3.7% after a collapse of 9.9% the day before. EuroStoxx50 grows by 5.5%, FTSE100 – by 4.4%. DXY.

Markets on Thursday were experiencing one of the sharpest declines in their history. The fall of the American indices was approaching 10%, becoming the worst since 1987, European markets were losing even more as FTSE100 collapsed by 10.5% by the.

World stocks were set on Friday for their worst week since the 2008 financial crisis, with coronavirus panic-selling hitting nearly every asset class and investors fretting that central bank action may not be enough to soothe the pain. European stock.