Stocks tumble, oil drops and there is a flight to safety in bonds. Here are some of the things that people talk in the markets today.
1. Stocks tumble
Stocks in Europe fell to their lowest since 2014 this morning with the Stoxx 0 down 2.2 percent at 10.55, London time, heading for its sixth down day. The MSCI Emerging Markets Index fell 0.5 percent overnight in Asia trading environment moonlight Chinese holiday begins, with South Korea and Taiwan among the markets are closed. to US futures point to a lower opening.
2. Oil falls
West Texas Intermediate for March delivery fell 74 cents to $ 30.15 a barrel 11:05 London time, having been as high as $ 31.34 in trading earlier. The oil decline comes as the CEO of the largest independent oil trading house in the world, Vitol Group BV, said he expects prices to remain low for a decade. Despite recent volatility, a record number of investors accumulate in the oil market with total paris on the price of the highest gross climbing from the Commodity Futures Trading Commission in the US began tracking the data in 06 .
3. refuge
German sovereign debt climbs again this morning, as investors seek safety, performance Note 2 years falling to minus 0.517 percent, a record high. Differences between the debt of the German and euro zone expanded device, with the Portuguese 10-year bonds yields jump 13 basis points to 3.23 percent, the highest since June The US Treasury rose, as the debt continues to outperform other major asset classes this year, despite some of the largest US bond market bears standing their ground. Data from the Japanese Ministry of Finance showed investors in the country bought a net ¥ 13850000000000 ($ 118.2 billion) of US debt in 2015, a record amount.
4. Fed negative rates?
If the US economy weakens enough, the Fed could consider push rates below zero, according to Bank of America Corp. and JPMorgan Chase & Co. in December 2017 Options on Eurodollar futures are implying a 13 percent chance of negative rates by the end of next year. With the central banks of Japan, the euro area, Sweden, Switzerland and Denmark show that negative rates are not extremely disruptive, the Fed will have less to fear, according to Michael Feroli, chief US economist at JPMorgan in New York. Chairman of the Federal Reserve Janet Yellen to begin its semiannual testimony to Congress Wednesday, with investors looking for any hint as to the Fed's rate path.
5. Ruble hack
Investigators accuse the pirates to a sudden 15 percent move in the ruble rate dollar in February 2015. The volatility that has lasted 14 minutes and caused the exchange rate to fluctuate between 55 and 66 rubles per dollar, was triggered by pirates deploying a virus known as the Trojan Corkow to infect Energobank based in Kazan and place over $ 500 million orders at off-market rates, said cyber security firm based in Moscow hired to investigate the attack.
Bloomberg
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