U.S. stock futures sink by 5% down limit after crude rout


(Reuters) – U.S. stock futures plunged 5% to hit their daily down limit and halt trading after the biggest single-day loss in oil futures in almost 30 years on Sunday exacerbated fears of a credit crunch across financial markets. Saudi Arabia’s plans to hike crude […]

World shares trampled in coronavirus panic, oil prices plunge


SYDNEY (Reuters) – Global share markets tumbled on Monday as panicked investors fled to bonds to hedge the economic shock of the coronavirus, and oil plunged more than 20% after Saudi Arabia slashed its official selling price. Investors drove 30-year U.S. bond yields beneath 1% […]

Wall Street coronavirus contingency plans – the state of play


(Reuters) – As the coronavirus spreads in the financial hub of New York, financial firms – led by the Securities Industry and Financial Markets Association (SIFMA)– have triggered their contingency plans and are taking other precautions. As of Sunday, here is the state of play: […]

Take Five: Credit crunch at time of rock-bottom rates?


(Reuters) – 1)CROSSING OVER? Is it possible we may see a wave of corporate defaults at a time when interest rates are at record lows and falling? In Europe, where many rates are below 0%, signs of stress are emerging as the coronavirus outbreak hits […]

OPEC oil cuts deal in trouble as Russia resists


VIENNA (Reuters) – OPEC’s plans for deep and prolonged oil cuts were derailed on Friday as non-OPEC Russia refused to support the move arguing that it was too early to predict the impact of a coronavirus outbreak on global energy demand, sources told Reuters. A […]