{"id":51742,"date":"2020-03-12T08:35:04","date_gmt":"2020-03-12T13:35:04","guid":{"rendered":"https:\/\/olduvai.ca\/?p=51742"},"modified":"2020-03-12T08:35:15","modified_gmt":"2020-03-12T13:35:15","slug":"nasdaq-futures-limit-down-crude-crashes-after-trump-announces-eu-travel-ban","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=51742","title":{"rendered":"Nasdaq Futures Limit-Down, Crude Crashes After Trump Announces EU Travel Ban"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.zerohedge.com\/markets\/stocks-bond-yields-are-crashing-after-trump-announces-eu-travel-ban\">Nasdaq Futures Limit-Down, Crude Crashes After Trump Announces EU Travel Ban<\/a><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Shortly after President Trump began his address to the nation, enacting a full travel ban from European nations for the next 30 days, the markets started to get upset.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>S&amp;P 500, Nasdaq and Dow futures fall 4-4.5%<\/li><li>Both Brent and WTI futures down more than 6%<\/li><li>Nikkei 225 drops 4.5%, Australia\u2019s benchmark slumped 5% to confirm bear market status<\/li><li>Main China stock indexes all fall at least 1%<\/li><li>Kospi, Hang Seng, Taiex slide 3% or more<\/li><li>Treasury 10-year yields decline 14 bps to 0.73%<\/li><li>AUD\/USD falls 0.3%, EUR\/USD jumps 0.4%<\/li><li>Malaysia, Korea, Philippine currencies all retreat 0.5%; Mexican peso tumbles more than 1%<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Dow futures are down over 1000 points&#8230;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/2020-03-11_18-57-14.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Japan&#8217;s Nikkei 225 is down over 350 points&#8230;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/2020-03-11_18-20-49.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Nasdaq futures are limit down&#8230;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/2020-03-11_19-04-57.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">S&amp;P is close to its&nbsp;<strong>2,601&nbsp;<\/strong>limit down&#8230;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/2020-03-11_18-53-16.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">And for the cash open tomorrow:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>7% limit down (RTH only) : 2546.50<\/li><li>13% limit down (RTH only) : 2382.00<\/li><li>20% limit down (RTH only) : 2190.00<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">10Y Treasury yields are down 15bps&#8230;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/bfm9482.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The Euro is strengthening against the dollar&#8230;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/bfmB84A.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">WTI Crude is collapsing, hitting a $30 handle<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/2020-03-11_18-55-16.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">European Stoxx 50 futures are down 7.3%<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It appears Trump did not offer enough detail and immediacy to appease the market&#8217;s need for funds to stop the collapse. Additionally, the uncertainty over the impact on European supply chains is also weighing on markets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The market is now demanding 90bps of rate-cuts for next week&#8217;s FOMC&#8230;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2026click on the above link to read the rest of the article\u2026<a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/2020-03-11_18-57-14.jpg?itok=JHoyT4e3\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nasdaq Futures Limit-Down, Crude Crashes After Trump Announces EU Travel Ban Shortly after President Trump began his address to the nation, enacting a full travel ban from European nations for the next 30 days, the markets started to get upset. S&amp;P 500, Nasdaq and Dow futures fall 4-4.5% Both Brent and WTI futures down more [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1849,827,4318],"class_list":["post-51742","post","type-post","status-publish","format-standard","hentry","category-economics","tag-financial-markets","tag-united-states","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51742"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51742\/revisions"}],"predecessor-version":[{"id":51744,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51742\/revisions\/51744"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}