FYI: The Dow Jones Industrial Average futures traded 94 points lower, as of 04:24 a.m. ET, implying a decline of more than 50 points at Monday’s open. The S&P 500 and Nasdaq futures also pointed to a lower open.
U.S. futures had earlier seen gains after Attorney General William Barr said special counsel Robert Mueller’s long-awaited investigation did not find enough evidence that President Donald Trump ’s 2016 campaign colluded with Russia.
Stock markets across Asia fell Monday and Japanese bond yields slid further into negative territory, feeding into a global risk selloff that started late last week.
Japan’s Nikkei 225 index dropped 3.0%, its biggest one-day decline this year, while South Korea’s Kospi and Hong Kong’s Hang Seng Index fell 1.9% and 2.1%, respectively. Market participants pointed to worrisome signs of a slowdown in global growth and a sharp drop in U.S. Treasury yields on Friday.
The yen, which is considered a haven in times of economic uncertainty, rose to a six-week high of ¥109.70 per dollar on Monday morning in Asia. The yen was at ¥109.90 per dollar in Asia afternoon trading, compared with ¥109.94 late Friday in New York.
Regards,
Ted A.K.A. Night Owl
WSJ:
https://www.wsj.com/articles/stocks-drop-on-global-growth-worries-11553485990Bloomberg:
https://www.bloomberg.com/news/articles/2019-03-24/stocks-to-drop-in-asia-yields-fall-on-growth-woes-markets-wrap?srnd=premiumMarketWatch:
https://www.marketwatch.com/story/stock-market-likely-to-take-mueller-findings-in-stride-2019-03-24/printIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-mueller-report-apple-streaming-service-event-boeing-737-max/CNBC:
https://www.cnbc.com/2019/03/24/wall-street-expects-big-rally-after-mueller-finds-trump-campaign-did-not-conspire-with-russia.htmlU.K.:
https://www.bbc.com/news/topics/c9qdqqkgz27t/ftse-100Europe:
https://uk.reuters.com/article/uk-europe-stocks/european-shares-sink-as-recession-risk-fears-hit-home-idUKKCN1R60QRAsia:
https://www.marketwatch.com/story/asian-markets-plunge-on-recession-fears-2019-03-24/printBonds:
https://www.cnbc.com/2019/03/25/us-bonds-treasury-yields-move-lower-ahead-of-economic-data-auctions.htmlCurrencies:
https://www.cnbc.com/2019/03/25/forex-market-dollar-moves-us-economy-in-focus.htmlOil:
https://www.cnbc.com/2019/03/25/oil-market-us-recession-fears-opec-supply-cuts-in-focus.htmlGold:
https://www.cnbc.com/2019/03/25/gold-market-us-recession-fears-global-economy-in-focus.htmlCurrent Futures:
https://finviz.com/futures.ashx
Comments
https://finance.yahoo.com/news/stock-market-news-march-25-2019-114459258.html