Friday, February 12, 2016

JP Morgan can’t imagine a more ‘ugly morning’ as global markets imploding

Just one day after Federal Reserve Chairman Janet Yellen spoke before Congress to answer questions on the state of the economy, global markets continued their acceleration downward as stocks, currencies, oil, and banks not only show signs of capitulation, but in the words of JP Morgan’s Adam Crisafulli, he can’t imagine a more ‘ugly morning’.
S&P 500 futures down 1.8% to 1814
Stoxx 600 down 3.4% to 304
FTSE 100 down 2.6% to 5525
DAX down 2.9% to 8760
German 10Yr yield down 7bps to 0.18%
MSCI Asia Pacific up 0.1% to 117
Hang Seng down 3.8% to 18546
S&P/ASX 200 up 1% to 4821
US 10-yr yield down 5bps to 1.62%
Dollar Index down 0.42% to 95.49
WTI Crude futures down 2.9% to $26.65
Brent Futures down 1.7% to $30.31
Gold spot up 3.5% to $1,242
Silver spot up 2.8% to $15.80

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