US Stock, Asian markets, and Oil stumble over virus fears and oversupply

US Stock, Asian markets, and Oil stumble over virus fears and oversupply

Futures contracts for the S&P 500 index fell more than 4% in after-hours trading, suggesting that people fear the current negative climate will deepen. The implied yield for the 10-year US Treasury note fell to 0.51%. Asian markets and oil prices stumbled due to fears over the virus and an oversupply of crude, which OPEC hasn’t reached a conclusion on how much to cut output to support prices.

Dhruv
Dhruv
T.N. Morgan
T.N. Morgan 2 months

No, it's literally the cause.

Ben B.
Ben B. 2 months

More misinformation from the left

Judge Dredd
Judge Dredd 2 months

either way it's gonna suck for some ppl. it's might trigger a recession I mean the way Trump has been building this bubble we see by using the tax cuts and his other rules.... this should burst that bubble

Saeta
Saeta 2 months

True. After all, reliable sources were estimating the likelihood of recession in 2020 as ~70% before the virus struck. Nevertheless unscrupulous politicians the world over will blame COVID-19

Deb
Deb 2 months

China cashed out forcing trillions into the Repo market to keep the ruse up. Agree. Coronavirus is not the cause but just another attempt to make the economy look strong to keep Trump in office.

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