Anonymous ID: 034a1e March 1, 2020, 6:08 p.m. No.8296283   🗄️.is đź”—kun   >>6554 >>6571 >>6652

World-Wide Market Report

 

Treasury Bond complex in melt-down mode-see Cap#2 for current 10 year. It was as low aas 1.03. It has rebounded a little from that low but is showing signs of not going any further upwards. Value increases as yield drops. Regarding the futures being up-these are VERY thin markets and can be moved very easily with a relatively small amount of E-mini's and corresponding index products to change to direction(s).

 

Chinese Exchanges open for a little less than 30 minutes. Looking for the PBOC to intervene again. Cap #2 is current Asian index look

 

Stock futures rose on Monday(they were down as much as 1.3% about an hour ago) even as investors were presented with weekend data from China that showed its fastest ever contraction in factory activity, raising fears of a global recession from the coronavirus.

Munchkins summoned the ESF-Exchange Stabilization Fund.

China’s official manufacturing PMI plunged to 35.7 in February, a record low, from 50 in January. A reading below 50 indicates contraction in a sector. Gaming revenues in Macau also plunged nearly 88% last month.

Oil prices dropped to their lowest in more than a year and even gold plunged as holders liquidated what they could to cover margin calls (COUGH!) on riskier investments.

The implied yield on U.S. 10-Year Treasury futures TYv1 traded below 1% for the first time, as investors grew increasingly unnerved by the spread of coronavirus. Treasury futures jumped at the open of trading on Sunday night as investors took little solace from weekend comments by U.S. officials that aimed to soothe panic about a pandemic. Stock futures opened lower. Stock markets plunged last week, with an index of global stocks setting its largest weekly fall since the 2008 financial crisis, and more than $5 trillion wiped off the value of stocks worldwide. At one point on Friday afternoon the 10-year yield reached 1.1159%, marking a record low for the fourth consecutive day, after comments by Federal Reserve Chair Jerome Powell cast doubt on whether the U.S. central bank would act quickly on rates. The movement also steepened the portion of the U.S. Treasury yield curve

Later in the week, central bank meetings in Australia, on Tuesday, and Canada, on Wednesday, will be closely watched.

https://www.reuters.com/article/us-usa-bonds/implied-yield-on-u-s-10-year-treasury-futures-trading-below-1-for-first-time-idUSKBN20O2GM

 

Oil bounces from multi-year lows as hopes of OPEC+ cut, stimulus offset virus impact

 

SINGAPORE (Reuters) - Oil prices pared losses after earlier hitting multi-year lows on Monday as hopes that a bigger than expected production cut from OPEC and stimulus from central banks could offset economic gloom from the coronavirus outbreak. Flight cancellations and travel bans by countries worldwide sparked fears about the global economy, leading to the biggest weekly stock market rout since the 2008 financial crisis last week. China’s factory activity also shrunk at the fastest pace ever in February, underscoring the colossal damage from the coronavirus outbreak on the world’s second-largest economy. Several key members of the Organization of the Petroleum Exporting Countries (OPEC) are mulling an additional production cut of 1 million barrels per day, more than the 600,000 bpd proposed last month, on growing fears that the virus outbreak will hit oil demand badly. OPEC and its allies including Russia, a grouping known as OPEC+, have already been curbing oil output by 1.7 million bpd under a deal that runs to the end of March.

https://www.reuters.com/article/us-global-oil/oil-bounces-from-multi-year-lows-as-hopes-of-opec-cut-stimulus-offset-virus-impact-idUSKBN20P03B

https://www.bloomberg.com//news/articles/2020-03-01/oil-falls-as-coronavirus-spreads-chinese-data-show-demand-slump

https://www.marketwatch.com/tools/marketsummary?region=asia

https://www.bloomberg.com/markets/stocks/futures

https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart

Anonymous ID: 034a1e March 1, 2020, 6:25 p.m. No.8296415   🗄️.is đź”—kun   >>6461 >>6511

>>8296125

>>8296295

>>8296371

before you jump on the Singer bandwagon…….

 

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