{"id":165483,"date":"2020-02-25T08:42:37","date_gmt":"2020-02-25T13:42:37","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=165483"},"modified":"2020-02-25T08:42:37","modified_gmt":"2020-02-25T13:42:37","slug":"on-monday-the-daily-drop-in-us-stock-indices-was-the-highest-for-2-years","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/02\/on-monday-the-daily-drop-in-us-stock-indices-was-the-highest-for-2-years\/","title":{"rendered":"On Monday, the daily drop in US stock indices was the highest for 2 years"},"content":{"rendered":"
February 25, 2020<\/div>
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By IFCMarkets<\/a><\/p>\n

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Today, futures for US stock indexes are up at 0.8%<\/h2>\n<\/div>\n<\/div>\n

On Monday, US stock <\/b> quotations dropped for the 3rd day in a row. This was facilitated by an increasing number of people infected with coronavirus outside of China. The S&P 500<\/a> (-3,35%) and Dow Jones Industrial Average<\/a> (-3,56%) indices went down, the Nasdaq <\/a> (-3,71%) collapsed as well. Trading volume on US exchanges continued to enlarge and totaled 10.59 billion shares. Yesterday it was 36% more than the 20-day average. The Dow Jones stock index collapsed by more than 1000 points in one day \u2013 for the third time ever in its history. Shares of 3 sectors of the S&P 500 index (utilities, arms production and consumer staples) fell less than others. The Consumer Confidence Index will be released in the US today. The ICE exchange dollar index <\/a> still closed “in the red” on Monday and keeps declining slightly now. Investors believe that the coronavirus epidemic will force the Fed to lower the rate (1.75%) at a session to be held on March 18.<\/p>\n

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European stocks crashed on Monday<\/h2>\n<\/div>\n<\/div>\n

Today, European stocks <\/b> rise in price as part of the correction after a powerful downfall on the eve. Airline securities, that went down in value yesterday, are leading now. The ESTOXX 50<\/a> index gained half a percent after yesterday’s drop of almost 4%. The US provides $ 2.5 billion to address the epidemic and create a vaccine. South Korea announced they will test 200,000 residents for coronavirus. German IFO Business Climate economic indicators for February unexpectedly turned positive yesterday. The Eurozone is unlikely to publish any significant macroeconomic data today. The EUR\/USD<\/em> rate demonstrates a sluggish growth. It may be limited by investors’ expectations that the ECB will reduce the rate in July this year from the current 0% to minus 0.1%. The probability of such development reached 50% from 35% last week.<\/p>\n

\"25\/02\/2020<\/p>\n

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Nikkei<\/em> fell to a 4-month low today after yesterday’s weekend<\/h2>\n<\/div>\n<\/div>\n

Asian indices <\/b> are trading today without a single trend. Chinese Shanghai Composite fell 0.6%.Hang Seng<\/a> Index gained 0.3% today. The Australian S&P\/ASX 200<\/a> index also moved upward. Japanese Fujifilm shares rose 5.6% to a historic high after reports that Avigan could be used to treat coronavirus.<\/p>\n

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Brent <\/a> increased by 0.3% today<\/h2>\n<\/div>\n<\/div>\n

Brent <\/b> futures are now trading above the psychological level of $ 55 per barrel. The Minister of Energy of Saudi Arabia Abdulaziz bin Salman said that OPEC + countries shouldn\u2019t be satisfied with coronavirus and they continue to consider reducing production by another 600 thousand barrels per day, in addition to the current limit of 1.7 million barrels per day. Note that despite the coronavirus epidemic, Bank of America maintained its forecast of an average Brent price of $ 62 per barrel in 2020. Gold prices moved down today from its 7-year high on Monday. Investors are awaiting to the major global central banks to cut rates and their expectations are supported by precious metal quotations.<\/p>\n

Market Analysis provided by IFCMarkets<\/a><\/p>

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Note:
\nThis overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or \u0430 recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.<\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets Today, futures for US stock indexes are up at 0.8% On Monday, US stock quotations dropped for the 3rd day in a row. This was facilitated by an increasing number of people infected with coronavirus outside of China. The S&P 500 (-3,35%) and Dow Jones Industrial Average (-3,56%) indices went down, the Nasdaq […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-165483","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/165483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=165483"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/165483\/revisions"}],"predecessor-version":[{"id":165492,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/165483\/revisions\/165492"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=165483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=165483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=165483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}