- WTI drops to 21-year low
- Dollar strengthens with increased Treasury demand
- Gold threatens to blow out what would be a bullish pattern
At the start of a week loaded with upcoming earnings reports, U.S. futures, including for the , and fell on Monday, following most Asian indices lower. European equities initially advanced on data suggesting the spread of COVID-19 is in some vital economies.
The U.S. dollar climbed along with Treasuries. The big story today, however, is oil. The fell below $15, a 21-year low.
Global Financial Affairs
The opened slightly higher even as energy companies were being sold off, on reports that virus-related deaths were slowing. This follows yesterday’s news that New York Governor Andrew Cuomo announced coronavirus deaths in his state had likely peaked, while fatalaties in Spain, Italy, the UK and Germany declined.
Still, the number of reported cases globally has currently topped 2,411,000 with close to 166,000 deaths.
And, at the time of…