International
Dow futures, bond yields, falling oil prices; concern about the oil price war
Asian stock markets and US futures tumbled Sunday evening following a sharp drop in crude prices, shaking investors who were already grappling with economic turmoil linked to the coronavirus epidemic .
Dow futures fell 1,200 points and Standard & Poors 500 futures fell 4.4%. Equities in Asia fell, Japan Nikkei 225 slipping 5.7% while Australia S & P / ASX 200 lost 5.8%. The Hang Sengindex in Hong Kong lost 4%.
Bond yields, meanwhile, fell to new lows without precedent. Global markets suffered several weeks of roller coasters following uncertainty about the damage the deadly virus will cause to the global economy.
Investors were scared again on Sunday after oil prices fell sharply by 30% after Saudi Arabia's decision to cut export prices for oil over the weekend, a decision which has raised concerns over a global oil price war, analysts said.
Saudi Arabia's decision came after OPEC failed to reach an agreement with its allies on a reduction in oil production. An agreement would have contained the drop in the price of crude oil caused by epidemics of viruses disrupting global business, analysts said.
Coronavirus fears to scare stocks:Here's how to keep a cool head and protect your 401 (k)
Fed rate cut:How the central bank's surprise decision affects mortgages, credit cards, and home equity lines
Investors are monitoring oil prices to track supply and demand in the energy markets and to assess the health of the global economy. Falling crude prices tend to benefit the economy as prices at the gas pump generally drop for consumers. However, the sharp drop in crude has raised concerns among investors about the direction of the US economy.
Falling oil prices do not bode well for the stock market as it signals a drop in global demand, which could lead to an economic slowdown, said Adam Sarhan, CEO of 50 Park Investments.
US oil prices fell 25% to $ 30.65 a barrel, offsetting some losses after falling 30%, which would have put it on track for its biggest loss in one day since the Gulf War in January 1991. at $ 34.01 a barrel.
Stocks have seen big swings in recent weeks, with investors weighing the global economic fallout from the virus epidemic. A brief rally in the equity markets waned last week after a surprise drop in interest rates by the Federal Reserve failed to allay concerns about the scale economic growth and corporate profits.
The S&P 500 index fell 12% from its February 19 record, placing the broad index in a correction, or down 10% from a recent high.
On Sunday, the number of deaths from the virus in the United States climbed to 21 with 537 confirmed cases.
Investors dumped risky assets in a flight to safe havens, driving bond yields to historically low levels. The 10-year Treasury yield, which drops when investors worry about a weaker economy, fell below 1% last week for the first time. On Sunday, the 10-year Treasury yield fell below 0.5%.
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
picture credit
to request, modification Contact us at Here or [email protected]
 |
 |
 |
