First Call March 27, 2020

by | Mar 27, 2020 | First Call

  • S&P futures down 3% following a big three-day rally for US equities that has seen the Dow gain more than 20%.
  • US equities on track for big weekly gains after suffering the biggest pullback last week since October 2008.
  • Asian markets mixed overnight as Japan rallied back from Thursday's selloff, South Korea rose sharply, China saw a modest gain and Australia came under pressure, losing more than 5%.
  • European markets are weaker.
  • Treasuries are mostly stronger with some curve flattening.
  • Dollar firmer vs euro but lagging yen.
  • Dollar index on track for 3%+ weekly decline.
  • Gold down 2.1%. WTI crude down 0.6%.
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