| Index | Last | Change | % Change |
|---|---|---|---|
|
trading lower
|
38,314.86 | -2231.07 | 5.50%Negative |
|
trading lower
Nasdaq Composite Index
.IXIC |
15,587.79 | -962.82 | 5.82%Negative |
|
trading lower
S&P 500 Index
.SPX |
5,074.08 | -322.44 | 5.97%Negative |
| Index | Last | Change | % Change |
|---|---|---|---|
|
trading lower
Nikkei Index
.N225 |
31,591.84 | -2188.74 | 6.48%Negative |
|
trading lower
Hang Seng Index
.HSI |
20,772.79 | -2077.02 | 9.09%Negative |
|
trading lower
S&P BSE SENSEX Index
.BSESN |
75,364.69 | -930.67 | 1.22% |
Market Summary
- S&P 500 futures drop over 3%, Nikkei slides 6%
- Futures price in extra 25bps Fed easing this year
- Treasuries extend rally, safe haven yen gains
- Oil dives 2% as global recession risks mount
Fixed Income
Treasury yields down sharply and hampering the dollar.
US 10-year Treasury yields drop 8 basis points to 3.916%,
US 10-year Treasury yields drop 8 basis points to 3.916%,
Equities
Major stock indexes plunged in Asia on Monday as White House officials showed no sign of backing away from their sweeping tariff plans, and investors wagered the mounting risk of recession could see U.S. interest rates cut as early as May.
S&P 500 futures slid 3.1% in volatile trade, while Nasdaq futures dived 4.0%, adding to last week’s almost $6 trillion in market losses.
EUROSTOXX 50 futures down 3.0%, while FTSE futures lost 2.7% and DAX futures 3.5%.
Nikkei sank 6% (.N225), to hit lows last seen in late 2023, while KOSPI (.KS11), dropped 5%.
MSCI’s broadest of APAC ex-Japan (.MIAPJ0000PUS), fell 3.6%.
MSCI’s broadest of APAC ex-Japan (.MIAPJ0000PUS), fell 3.6%.
China’s (.CSI300), lost 4.4%, as markets waited to see if Beijing would respond with more stimulus.
Forex
USD slips another 0.4% on JPY to 146.26 yen , while EUR held firm at $1.0961.
USD sheds 0.6% on CHF, while AUD dropped a further 0.4% .
Commodities
Gloomier outlook for global growth kept oil prices under pressure, following steep losses last week.
Brent fell $1.35 to $64.23 a barrel, while U.S. crude dived $1.395 to $60.60 per barrel.
for more news visit Reuters.com
