Opening Bell 17.03.2020

Your world at 9am

world equity market heatmap

Equities

Major
DAX(DEU) -5.31%
CAC(FRA) -5.75%
UKX(GBR) -4.01%
NKY(JPN) -0.46%
SPX(USA) -11.98%
MINTs
JCI(IDN) -4.68%
INMEX(MEX) +3.64%
NGSEINDX(NGA) -0.13%
XU030(TUR) -7.98%
BRICS
IBOV(BRA) -13.92%
SHCOMP(CHN) -0.63%
NIFTY(IND) -7.61%
INDEXCF(RUS) -0.01%
TOP40(ZAF) -8.04%

Commodities

Energy
Ethanol +4.87%
Brent Crude Oil +1.46%
RBOB Gasoline +7.73%
WTI Crude Oil +3.38%
Heating Oil +1.67%
Natural Gas -1.10%
Metals
Silver 5000oz +0.00%
Copper -0.21%
Gold 100oz +0.00%
Palladium -4.03%
Platinum +2.31%

Currencies

USDEUR:+0.02% USDJPY:+0.54%

MINTs
USDIDR(IDN) +0.55%
USDMXN(MEX) -1.41%
USDNGN(NGA) +0.25%
USDTRY(TUR) -0.09%
BRICS
USDBRL(BRA) +3.33%
USDCNY(CHN) +0.01%
USDINR(IND) -0.15%
USDRUB(RUS) -0.56%
USDZAR(ZAF) -0.56%
Agricultural
Cattle +0.00%
Corn +0.21%
Feeder Cattle +0.00%
Sugar #11 +0.00%
Coffee (Robusta) +0.00%
Cotton +0.94%
Orange Juice +0.00%
Soybean Meal +0.17%
Wheat -0.10%
White Sugar +0.00%
Lean Hogs +0.00%
Cocoa +0.00%
Coffee (Arabica) +0.00%
Lumber +0.00%
Soybeans +0.94%

Out of 43 world ETFs listed in NYSE that we track, 0 are trading above their 10-day SMA and 0 are trading above their 50-day SMA.

Must Reads

When All News Is Bad News
The Volatility Index (VIX), also known as the “fear index,” ended today at 82.69. Since its inception in 1990 it has never had a higher close. When was the previous record?

We are in a severe recession. What now for both companies and investors?
We are in a severe recession right now that is unlike any other in recent history. Tolstoy’s Anna Karenina begins with the sentence “All happy families are alike, each unhappy family is unhappy in its own way.

Three Paradoxes of a Crash — Two Centuries Investments
Markets crashes are unique and unexpected, while at the same time follow a recognizable pattern with usual periodicity. It is tempting to focus on the side of uniqueness becoming overly concerned with how different this time is.

The hidden cost of food delivery
I’ll admit it: When it comes to food, I’m lazy. There are dozens of great dining options within a few blocks of my home, yet I still end up ordering food through delivery apps four or five times per week.

The U.K.’s Coronavirus ‘Herd Immunity’ Debacle
Updated at 1:13 p.m. ET on March 16, 2020. There was a time when it seemed possible for the world to contain COVID-19—the disease caused by the new coronavirus. That time is over.

UK coronavirus crisis ‘to last until spring 2021 and could see 7.9m hospitalised’
The coronavirus epidemic in the UK will last until next spring and could lead to 7.9 million people being hospitalised, a secret Public Health England (PHE) briefing for senior NHS officials reveals.

‘A ticking time bomb’: Scientists worry about coronavirus spread in Africa
CAPE TOWN, SOUTH AFRICA—Late on Sunday evening, South African President Cyril Ramaphosa, in a televised address to the nation, declared that COVID-19, the respiratory disease spreading globally, had become a “national disaster.

Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program
The Federal Reserve, saying “the coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States,” cut interest rates to essentially zero on Sunday and launched a massive $700 billion quantitative easing program to shelter the economy from t

Check out our Global Macro Dashboard for currency, commodity, bonds and credit charts.

Good luck!

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