- Trump Administration promises $1.2 trillion stimulus package Tuesday, Wall Street briefly rises
- U.S. futures, Asian indices reverse on Wednesday
- WTI hovers around 2003 lows
U.S. futures for the , and all hit their daily down-limits on Wednesday, halting trade, after retreating from yesterday’s rallies on Wall Street. European shares opened lower and have continued to fall; major Asian indices all closed down.
Yields advanced after massive monetary and fiscal stimulus was announced by a variety of global governments and central banks including in the U.S., the UK, Spain and France, in an attempt to stabilize the economy as the worst public health crisis this century remains a risk.
Oil is flirting with a 17-year low, as it hovers around $25.83, a low last seen in 2003.
Global Financial Affairs
After initially trading higher this morning, contracts on the S&P 500 fell again, in what seems to be yet another, daily, market seesaw on steroids. The pan-European was…