First Call March 25, 2020

by | Mar 25, 2020 | First Call | 0 comments

  • S&P futures down 0.9%, reversing earlier strength after US equities bounced sharply on Tuesday with the Dow posting its biggest one-day gain since the Great Depression and the S&P up the most since October 2008.
  • Asian markets rallied overnight with Japan the standout, posting its biggest increase in more than 26 years.
  • European markets mostly higher.
  • Treasuries mostly weaker with some curve steepening. Dollar little changed vs yen and weaker elsewhere.
  • Gold down 1.7% after big back-to-back gains.
  • WTI crude off 2.0%.
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