{"id":166109,"date":"2020-03-09T06:58:30","date_gmt":"2020-03-09T10:58:30","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=166109"},"modified":"2020-03-09T06:46:21","modified_gmt":"2020-03-09T10:46:21","slug":"futures-indicate-continuing-slump-in-global-equities-as-brent-plunges","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/03\/futures-indicate-continuing-slump-in-global-equities-as-brent-plunges\/","title":{"rendered":"Futures indicate continuing slump in global equities as Brent plunges"},"content":{"rendered":"
March 9, 2020<\/div>
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By IFCMarkets<\/a><\/p>\n

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All three US benchmarks finish the week in positive territory<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> ended lower on Friday amid reports US coronavirus cases increased. All three US benchmarks however managed to record a weekly gain. The S&P 500<\/a> lost 1.7% to 2972.37, booking a 0.6% gain for the week. Dow Jones <\/em> industrial retreated 1.0% to 25864.78. The Nasdaq <\/em> ended 1.9% lower at 8575.62. The dollar weakening continued despite a better-than-expected jobs report from the Labor Department showing the US created 273,000 new jobs in February. The live dollar index<\/a> data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, fell 0.6% to 96.02 and is sharply lower currently. Futures on stock indexes point to lower openings today.<\/p>\n

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CAC 40 led European indexes retreat<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> ended sharply lower on Friday. Both EUR\/USD <\/em> and GBP\/USD <\/em> cotninued climbing on Friday with both pairs sharply higher currently. The Stoxx Europe 600 Index lost 3.6%. The DAX 30 <\/em> dropped 3.4% to 11541.87 Friday. France\u2019s CAC 40 <\/em> plunged 4.1% and UK\u2019s FTSE 100 <\/a> slumped 3.6% to 6580.61.<\/p>\n

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Australia\u2019s All Ordinaries Index leads Asian indexes plunge<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are sharply lower today. Nikkei <\/em> sank 5.4% to 19632.5 as yen accelerated its climbing against the dollar despite a downward revision of Q4 GDP in final reading. China\u2019s markets are falling : the Shanghai Composite Index <\/em> is down 3% while Hong Kong\u2019s Hang Seng <\/em> Index is 4.6% lower. Australia\u2019s All Ordinaries Index plummeted 7.3% despite reversal in Australian dollar\u2019s climb against the greenback.<\/p>\n

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Brent <\/a> plunges as Saudi Arabia plans to increase output<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are in retreat after a more than 25% plunge this morning following weekend reports Saudi Arabia planned to boost crude-oil production to between 10 million and 11 million barrels per day. Prices fell on Friday as OPEC meeting ended in disarray following Russia\u2019s rejection of a plan for additional output cuts: Brent for May settlement dropped 9.4% to $45.7 a barrel Friday, plunging 8.9% for the week.<\/p>\n

\"Brenty<\/p>\n

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Gold rebound continues as Dollar weakening accelerates<\/h2>\n<\/div>\n<\/div>\n

Gold <\/b> prices are extending gains today. Gold for April delivery added 0.3% to $1672.40 on Friday.<\/p>

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

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 All three US benchmarks finish the week in positive territory US stock market ended lower on Friday amid reports US coronavirus cases increased. All three US benchmarks however managed to record a weekly gain. The S&P 500 lost 1.7% to 2972.37, booking a 0.6% gain for the week. Dow Jones industrial retreated 1.0% […]<\/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-166109","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/166109","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=166109"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/166109\/revisions"}],"predecessor-version":[{"id":166117,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/166109\/revisions\/166117"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=166109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=166109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=166109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}