Viernes 06/03/20 futures a la baja

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https://lta.reuters.com/articulo/econom ... AKBN20T1UP

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CHG %CHG
DJIA 25645.43 -475.85 -1.82
S&P 500 2949.01 -74.93 -2.48
Nasdaq Composite 8495.23 -243.36 -2.78
Japan: Nikkei 225 20749.75 -579.37 -2.72
UK: FTSE 100 6462.55 -242.88 -3.62
Crude Oil Futures 42.25 -3.65 -7.95
Gold Futures 1665.10 -2.90 -0.17
Yen 105.45 -0.71 -0.67
Euro 1.1308 0

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LAST CHG %CHG
DJIA 25511.64 -609.64 -2.33
S&P 500 2928.65 -95.29 -3.15
Nasdaq Composite 8437.71 -300.88 -3.44
Japan: Nikkei 225 20749.75 -579.37 -2.72
UK: FTSE 100 6462.55 -242.88 -3.62
Crude Oil Futures 42.28 -3.62 -7.89
Gold Futures 1673.80 5.80 0.35
Yen 105.43 -0.73 -0.69
Euro 1.1300 0.0065

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https://www.wsj.com/articles/treasury-y ... 00?mod=mhp

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Dow futures tumble 900 points as all-out oil price war adds to coronavirus stress
PUBLISHED SUN, MAR 8 20206:01 PM EDTUPDATED MOMENTS AGO
Yun Li
@YUNLI626
Stock futures fell in overnight trading Sunday as investors continued to brace for the economic fallout from the spreading coronavirus, while a shocking all-out oil price war added to the anxiety.

Futures on the Dow Jones Industrial Average dropped more than 900 points. The S&P 500 futures also indicated a 4% drop at the open on Monday. The sharp declines in the futures market pointed to more turbulence ahead after a roller-coaster week that saw the S&P 500 swing up or down more than 2.5% for four days straight.


Saudi Arabia on Saturday slashed official crude selling prices for April, in a sudden U-turn from previous attempts to support the oil market as the coronavirus hammers global demand. The move came after OPEC talks collapsed Friday, prompting some strategists to see oil prices crater to $20 this year.

“Crude has become a bigger problem for markets than the coronavirus,” Adam Crisafulli, founder of Vital Knowledge, said Sunday. “It will be virtually impossible for the [S&P 500] to sustainably bounce if Brent continues to crater,” he added.

International benchmark futures plummeted 30% to $32.05 per barrel. fell 27% to $30.07 per barrel.

Investors have already been on edge about the coronavirus outbreak that caused major stock averages to tumble into correction territory. As of Sunday, global cases of the infections have climbed to more than 109,000 with at least 3,801 deaths around the world. Situation is also worsening in the U.S. with New York, California and Oregon all declaring a state of emergency.

The S&P 500 is down 8% this year after suffering its worst week since the financial crisis at the end of February.


Investors continued to seek safer assets amid fears that the coronavirus will disrupt global supply chains and tip the economy into a recession. The benchmark 10-year Treasury yield tumbled below 0.7% for the first time ever on Friday. Bond prices move inversely with yields.

The Federal Reserve announced an emergency rate cut last week to combat the economic impact from the virus, its first such move since the financial crisis. President Donald Trump on Friday signed a sweeping spending bill of a $8.3 billion package to aid medical research. Wall Street expects more stimulus from global central banks and governments to prevent a recession.

– CNBC’s Pippa Stevens contributed reporting.

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Oil plummets 30% as OPEC deal failure sparks price war fears
PUBLISHED SUN, MAR 8 20206:03 PM EDT
Pippa Stevens
@PIPPASTEVENS13
RT: Saudi Aramco oil facility 191012 1
An employee rides a bicycle next to oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019.
Maxim Shemetov | Reuters
Oil prices plummeted 20% in early trading Sunday night as OPEC’s failure to strike a deal with its allies regarding production cuts sparks fears of a price war.

International benchmark Brent crude futures plummeted 30% to $32.05 per barrel. U.S. West Texas Intermediate crude fell 27% to $30.07 per barrel.


On Saturday Saudi Arabia announced massive discounts to its official selling prices for April, and the nation is reportedly preparing to increase its production above the 10 million barrel per day mark, according to a Reuters report. The kingdom currently pumps 9.7 million barrels per day, but has the capacity to ramp up to 12.5 million barrels per day.

The move followed a breakdown of talks in Vienna last week. On Thursday, OPEC recommended additional production cuts of 1.5 million barrels per day starting in April and extending until the end of the year. But OPEC ally Russia rejected the additional cuts when the 14-member cartel and its allies, known as OPEC+, met on Friday.

The meeting also concluded with no directive about the production cuts that are currently in place, but set to expire at the end of the month. This effectively means that nations will soon have free rein over how much they pump.

“As from 1 April we are starting to work without minding the quotas or reductions which were in place earlier,” Russian Energy Minister Alexander Novak told reporters Friday at the OPEC+ meeting in Vienna, adding, “but this does not mean that each country would not monitor and analyze market developments.”

Oil prices have already moved sharply lower this year as the coronavirus outbreak has led to softer demand for crude. A potential supply glut could pressure prices further.


To some, it is reminiscent of 2014 when Saudi Arabia, Russia and the United States competed for market share in the oil industry. As production escalated, prices plummeted.

″$20 oil in 2020 is coming,” Ali Khedery, formerly Exxon’s senior Middle East advisor and now CEO of U.S.-based strategy firm Dragoman Ventures, wrote Sunday on Twitter. “Huge geopolitical implications. Timely stimulus for net consumers. Catastrophic for failed/failing petro-kleptocracies Iraq, Iran, etc - may prove existential 1-2 punch when paired with COVID19.”

On the other hand some, including Eurasia Group, believe that Saudi Arabia and Russia will eventually come to an agreement.

“The most likely outcome of the failure of the Vienna talks is a limited oil price war before the two sides agree on a new deal,” analysts led by Ayham Kamel said in a note to clients Sunday. The firm puts the chances of an eventual agreement at 60%.

Vital Knowledge founder Adam Crisafulli said Sunday that oil “has become a bigger problem for markets than the coronavirus,” but also said that he does not foresee prices falling to the Jan. 2016 lows.

“Saudi Arabia can’t tolerate an oil depression – the country’s fiscal breakeven oil prices remains very high, Saudi Aramco is now a public company, and MBS’s grip on power isn’t yet absolute. As a result, the gov’t won’t be so cavalier in sending oil back into the $30s (or even lower),” he said in a note to clients Sunday.

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New York declares state of emergency over coronavirus outbreak
PUBLISHED SAT, MAR 7 20201:13 PM ESTUPDATED SAT, MAR 7 20207:03 PM EST
Emma Newburger
@EMMA_NEWBURGER
Gov. Andrew Cuomo declared a state of emergency on Saturday as the number of confirmed coronavirus cases in New York increased to 89.
An emergency declaration will allow the state to buy supplies and hire workers more quickly and easily to help the health departments monitoring patients under self-quarantine, Cuomo said.
Eleven of the cases are in New York City and 70 are in Westchester County.
There are also signals of an ongoing spread, including a pair of cases in both Saratoga County and Rockland County, as well as four in Nassau County, according to the governor.
Andrew Cuomo - 106427032
New York State Governor Andrew Cuomo briefing on updates on spread of covid-19 in New York State at NYPA White Plains Office.
Lev Radin | Pacific Press | Getty Images
Gov. Andrew Cuomo declared a state of emergency on Saturday after the number of confirmed coronavirus cases in New York increased significantly.

Eighty-nine individuals have tested positive for the coronavirus in New York, according to the governor’s office. Eleven of the cases are in New York City and 70 are in Westchester County. There are also signs of an ongoing spread, including a pair of cases in both Saratoga County and Rockland County, as well as four in Nassau County, according to the governor.

An emergency declaration will allow the state to buy supplies and hire workers more quickly and easily to help the health departments monitoring patients under self-quarantine, Cuomo said during a Saturday press conference at the state Capitol.


The slew of cases in Westchester County trace back to a lawyer from Westchester, who was the second confirmed case in the state.

“Westchester is an obvious problem for us,” Cuomo said. “They talk about the contagion in clusters, and the clusters tend to infect more and more people.”

As of Friday, New York officials said that they’ve instructed about 4,000 people in the state to self-quarantine. At least 10 of the infected patients in New York are hospitalized, Cuomo said.

The coronavirus has infected more than 102,000 people worldwide and killed at least 3,491 as of Saturday.

In the U.S., more than 400 cases are confirmed and at least 19 people have died, according to NBC News. California declared a state of emergency after the state announced its first virus-related death. Maryland, Washington state and Utah have also declared emergencies.