- S&P 500 futures trigger limit down, before reversing
- OPEC-Texas production truce fades
- Indian stocks plunge over 11%, rupee falls to all-time low
Key Events
U.S. futures for the , and , along with Asian indices, started the trading week Monday by extending Friday’s U.S. and global rout. India’s plunged, triggering halts in trade; shares closed down over 11%. The hit an all-time low.
In the U.S., Congress’s $1-trillion rescue package designed to provide aid to American workers and businesses impacted by the coronavirus amid escalating Covid-19 fatalities.
Yields fell; oil fluctuated but ultimately pushed higher.
Global Financial Affairs
At the same time, the coronavirus continues to spread globally, currently topping 343,000 cases worldwide, with the fatality rate closing in on 15,000, according to Worldometer.
S&P 500 futures rebounded this morning from another 5% selloff, which hit the daily down limit, halting trading right after the open. Losses however were trimmed to under 4%…
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