Black Monday 2?

7:13 AM 9 March 2020

Saudi Arabia slashed its crude price and possibly launched a price war with Russia after OPEC+ talks broke down on Friday. WTI is trading nearly 30% lower against Friday’s close! Collapse in the oil market was a catalyst for big moves on stock exchanges with S&P 500 futures trading nearly 5% lower and DAX futures sinking 5.5%! Are markets set to repeat a historic Black Monday?

Oil price collapse triggered big moves on stock markets. US500 drops almost 5% today and is approaching the key price zone ranging between 2800 and 2815 pts. Source: xStation5

Share:
Back

Join over 1 600 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits