First Call March 20, 2020

by | Mar 20, 2020 | First Call

  • S&P futures up 2.4%,
  • US equities on track for another big week of losses.
  • Asian markets higher overnight with South Korea and Taiwan the big gainers. Japan closed for holiday.
  • European markets seeing big gains.
  • Treasuries mostly stronger with the curve bull flattening.
  • Dollar weaker on the major crosses following a recent flurry of gains that have raised concerns about dollar shortage.
  • Gold up 2.0%.
  • WTI crude up 2.7% after a nearly 25% bounce in the prior session on report US considering intervening in Saudi-Russia price war (later reported Texas could limit production).
  • Euro Stoxx 50 chart and Bloomberg USD chart on this note
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