Stock futures, oil drop on concerns over new Covid-19 variant

stock futures oil drop on concerns over new covid 19 variant

Sumary of Stock futures, oil drop on concerns over new Covid-19 variant:

  • Global equity markets and U.S. stock futures fell after South Africa raised the alarm over a new, fast-spreading strain of the coronavirus, triggering concern about the potential for new travel restrictions or other curbs that could limit economic activity.
  • Stock-index futures lost ground, suggesting U.S. markets could come under pressure when they reopen.
  • S&P 500 futures dropped 1.7%, while futures tied to the Dow Jones Industrial Average lost about 2.1%.
  • ASIAN STOCK MARKETS SINK AS TRADERS WATCH EUROPE VIRUS CASES Trader Gregory Rowe, center, and others work on the floor of the New York Stock Exchange Monday, March 16, 2020. (AP Photo/Craig Ruttle)Benchmark U.S. Treasury yields also edged lower, compared with their preholiday levels.
  • In Asia-Pacific, Hong Kong’s benchmark Hang Seng Index stood 2.7% lower, while Tokyo’s Nikkei 225 closed down 2.5%.
  • PFIZER TO OFFER COVID-19 VACCINE FOR EUROPEAN KIDS 5-11″There probably aren’t that many people active in markets at the moment.
  • Although Japan has no confirmed cases linked to the new variant, investors were concerned it could push back the government’s plans for a gradual reopening of the economy, Mr. Kamai said.

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