Investors will continue to watch for developments on the coronavirus' spread globally as well as an oil price war that was triggered after OPEC and its allies failed to reach an agreement during a recent meeting.
Shares in Australia continued to fall from the previous day in early trade on Tuesday after stocks on Wall Street saw their worst day since the 2008 financial crisis overnight.dropped more than 1% in early trade, sending it into bear market territory with the index trading more than 20% lower from its 52-week high. The benchmark Australian index had fallen more than 7% on Monday. The heavily weighted financial subindex declined 3.37% as shares of major banks sold off.
Meanwhile, futures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 19,110 while its counterpart in Osaka was at 18,890. That compared against theInvestors will continue to watch for developments on the global coronavirus spread as well as an oil price war that was triggered after OPEC and its allies failed to reach a deal on production cuts, and Saudi Arabia announced massive discounts to its official selling prices for April.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
There are way more people trading now that was happening back then , so I don’t get the analogy . The more that trade the smaller the difference .
The whole world is fine, don't worry guys you are not alone.
XRP and Gold to the rescue! Agree or Disagree?
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock Market Bloodbath: S&P, Dow Down More Than 7% In Worst Drop Since 2008A surprise price war between oil producers Saudi Arabia and Russia, compounded by intense investor anxiety over the continued spread of the coronavirus—triggered massive market losses today by theothersarahh theothersarahh Surprise price war theothersarahh Don't forget Big Oil's big debt. Its day is done. theothersarahh It's time to slowly take 6 deep breathes and slowly exhale each breath .
Source: Forbes - 🏆 394. / 53 Read more »
Stocks Fall More Than 7% in Dow’s Worst Day Since 2008U.S. stocks fell hard Monday, pushing major indexes closer to bear-market territory as a price war for oil and coronavirus fallout frightened investors. The Dow fell around 2,000 points. This is the ObamaEconomy And once again realDonaldTrump sets a new stock market record. Congrats Mr. President! 🇺🇸 The democrats must to be happy
Source: WSJ - 🏆 98. / 63 Read more »
How market panic can feed back to the world economyFinancial markets have not endured a day as brutal as March 9th since the global financial crisis of 2007-09 Aaw poor dum dumb! alllibertynews ^link to new blog on election season^ Presidential Race 2020 Coverage: DDU Founder proclaims 'Trump is Bound to Win' It's not a panic. It's a logical response to economies grinding to a halt due to pandemic. I thought The Economist believed in the Invisible Hand of the markets.
Source: TheEconomist - 🏆 6. / 92 Read more »
Stock market live Monday: Stocks post major losses, Dow's worst point drop ever, Oil tanks 24%Why did bank stocks plunge so low today? It has to do with what yields are doing. WilfredFrost breaks it down. WilfredFrost 🤣🤣🤣🤣🤣🤣🤣😂😂🤑🤑, they going to need us Bail them out Again ? WilfredFrost What an effing joke. The oil market and all other sectors is symptoms of this coronavirus, but mostly about failed leadership. The raids on TP (etc) proves the point. You guys pollute the info market while you take as many gains as you can between the dips. Go to hell. Thoughts and prayers elonmusk
Source: CNBC - 🏆 12. / 72 Read more »