Futures contracts on steep rise on Wall Street

walidchabir (48)in #stock • 4 years ago

Oil drops due to postponement of OPEC + emergency meeting

After rising sharply by 30% last week to record its best week ever, black gold was down more than 3% at the time of writing, following reports that the emergency meeting OPEC + originally scheduled for today has been postponed to Thursday. The meeting comes after a price war that has pushed oil to the lowest level in 18 years and a tweet from President Trump that Saudi Arabia and Russia will quickly strike a deal to end it.
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Headlines: international markets on the rise

Futures contracts are moving towards a solid opening on Wall Street: the US markets closed lower on Friday as the DJ30, the SPX500 and the NSDQ100 all closed lower by at least 1.5%. However, Wall Street is expected to recover at the opening today as the futures indicate a rise of 900 points for the DJ30.

Bitcoin is approaching 7000: the cryptocurrency market has shown relatively low volatility this weekend and slight gains in the past 24 hours. At the time of writing, the majority of cryptocurrencies were in the green, including Bitcoin, which was up about 2%, trading above the $ 6,900 mark.

Asian markets are up: the JPN225 index was up almost 4% this morning, joined by the HKG50 and China50 indices which also recorded considerable gains. Banks in China are closed today because it is a public holiday.

Apple joins the fight against coronavirus: Apple CEO Tim Cook announced yesterday that his company will produce 1 million face masks per week to give to caregivers. For the latest information on the global impact of the pandemic, check out the constantly updated .

Expected volatility for the CAD: The Bank of Canada will publish its quarterly Business Outlook survey at 3:30 p.m. GMT, which could lead to the volatility of the Canadian dollar.

Luckin Coffee apologizes for the alleged fraud: The Chinese-based coffee giant yesterday apologized for the alleged fault that was exposed last week. The company's stock fell about 80% on Thursday following reports that an internal investigation had revealed hundreds of millions of dollars in suspected accounting fraud. To follow the most recent and significant market fluctuations.

European markets are opening up: the UK100 opened on a rise of 92 points, the GER30 rose by 268 points and the FRA40 by 105 points.

DJ30
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