First Call March 6, 2020

by | Mar 6, 2020 | First Call

  • S&P futures down 3.0%, near worst levels, after US equities came under renewed pressure on Thursday with all of the major indexes down over 3%.
  • Asian markets weaker overnight with Japan, Australia and Hong Kong leading the move lower.
  • European markets also under meaningful pressure.
  • Treasuries extending their rally with the yield on the 10-year note below 0.7% at one point.
  • Dollar weaker on the major crosses and down over 2% this week.
  • Gold up 1.2%. WTI crude down 5.1% as reports continue to suggest Russia is resisting OPEC's push for deeper cuts.
  • Better employment report just released. US 10 year yield lifting off lows.
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