First Call March 5, 2020

by | Mar 5, 2020 | First Call

  • S&P futures down 1.7% in Thursday morning trading, a bit off worst levels. It comes after US equities rallied sharply in the prior session with the Dow and S&P both up over 4%.
  • Asian markets rallied overnight with China, Hong Kong, Japan, Australia, and South Korea all up over 1%.
  • European markets opened higher but have since come under pressure.
  • Treasuries are slightly firmer. Dollar weaker on the major crosses, faring worst against yen.
  • Gold up 0.6%.
  • WTI crude up 0.2%, off worst levels. OPEC ministers reportedly agreed on 1.5M bpd output cut but unclear if Russia on board.
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