Now is the time to set up your custom application acres



LOW on fuel
contact
Scott Equity Fuel Services


Friday, April 3, 2020  
 
Weather |  Futures |  Futures Markets |  Market News |  Headline News |  DTN Ag Headlines |  Crops |  Charts |  Options |  DTN Renewable Fuels |  Farm Life |  Portfolio 
Home
Scott Equity Exchange
Switchboard
Marketplace
Agronomy
My Website
Admin Login
 
 
Printable Page Headline News   Return to Menu - Page 1 2 3 5 6 7 8 13
 
 
Global Stocks Lower Friday             04/03 05:53

   Global stock markets declined Friday after soaring U.S. job losses tempered 
enthusiasm about a possible deal to stabilize oil prices amid anxiety over the 
global economic decline due to the coronavirus pandemic.

   BEIJING (AP) -- Global stock markets declined Friday after soaring U.S. job 
losses tempered enthusiasm about a possible deal to stabilize oil prices amid 
anxiety over the global economic decline due to the coronavirus pandemic.

   London and Frankfurt opened lower while Shanghai, Hong Kong and Sydney 
retreated. Tokyo closed little-changed after spending part of the day in 
negative territory.

   Some markets followed Wall Street higher after President Donald Trump said 
on Twitter he expected major oil producers Saudi Arabia and Russia to back away 
from their price-cutting war. But by midday, most Asian markets had retreated.

   U.S. data showing 6.6 million Americans applied for unemployment this week 
were a "hard dose of economic reality," said Jeffrey Halley of Oanda in a 
report.

   That was double the previous week's record-breaking U.S. job losses of 3.3 
million. It raised the total number of Americans who are out of work due to the 
coronavirus-driven downturn to almost 10 million.

   In early trading, the FTSE 100 in London sank 0.9% to 5,428.89 and 
Frankfurt's DAX shed 0.1% to 9,559.80. The CAC 40 in Paris lost 0.5% to 
4,197.80.

   On Wall Street, futures for the benchmark S&P 500 index and the Dow Jones 
Industrial Average were off 1%.

   On Thursday, the S&P 500 gained 2.3% after Trump said he expects production 
cuts are coming after talking with Saudi Crown Prince Mohammed bin Salman. The 
Dow Jones Industrial Average gained 2.2% and the Nasdaq rose 1.7%.

   In Asia, the Shanghai Composite Index lost 0.6% to 2,763.99 and Tokyo's 
Nikkei 225 gained 1.5 points to 17,820.19. The Hang Seng in Hong Kong lost 0.2% 
to 23,236.11 after falling as much as 0.8% earlier.

   The Kospi in Seoul ended unchanged at 1,725.44 after being down 0.6%. 
Sydney's S&P-ASX 200 declined 1.7% to 5,067.50 and India's Sensex lost 1.9% to 
27,727.19.

   New Zealand, Jakarta and Bangkok gained while Singapore retreated. 

   Benchmark U.S. crude added 18 cents to $25.50 per barrel in electronic 
trading on the New York Mercantile Exchange. Brent crude, used to price 
international oils, gained $1.38 to $31.27 per barrel in London.

   Markets usually welcome lower energy costs for companies and consumers. But 
the abrupt plunge to below $20 this week from $60 at the start of the year 
triggered fears heavily indebted producers might default, undermining credit 
markets.

   On Thursday, U.S. crude surged $5.01, or almost 25%, to $25.32 per barrel 
following Trump's comments. The Kremlin denied President Vladimir Putin had 
talked with the prince but Saudi Arabia called for a meeting of major producers 
including Russia.

   Roughly one of every 16 working Americans has applied for unemployment 
benefits in the last two weeks. Economists expect that to rise. That has many 
investors bracing for what may be the worst recession of their lifetimes.

   Traders expect more volatility until numbers of new coronavirus cases begin 
to decline, which forecasters say might be weeks away.

   The number of confirmed cases worldwide has topped 1 million, led by the 
United States with more than 236,000, according to a tally by Johns Hopkins 
University.

   More than 51,000 have died, but more than 208,000 have recovered. 

   For most people, the coronavirus causes mild or moderate symptoms, such as 
fever and cough that clear up in two to three weeks. For some, especially older 
adults and people with existing health problems, it can cause more severe 
illness, including pneumonia, and death.

   The dollar edged up to 108.23 yen from Thursday's 107.90 yen. The euro 
declined to $1.0798 from $1.0856. 


(CZ)

 
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN