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S&P/ASX 200 futures say index will shed nearly 10% today

S&P 500 Index closed down 9.51% and the Nasdaq Composite closed down 9.43%.

man in front of markets screens
Today is set to be one of the wildest days on the stocks market of all time

S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) futures are down 9.4% heading into the open in what has been a crazy week in financial markets due to the coronavirus or COVID19.

The S&P 500 Index (INDEXSP:.INX) closed at 2,480.64, −260.74 or down 9.51% and the Nasdaq Composite (INDEXNASDAQ: .IXIC) closed at 7,201.80, −750.25 or down 9.43%.

Global markets commenced panic selling and nothing was able to stop it.

 

 

Gold and AUD smashed, oil loses ground

Gold is down 4.0% overnight trading at US$1,576 per ounce while Crude Oil WTI is down 6.0% to US$30.98 per barrel, back near the lows seen earlier this week.

The AUD is making new lows vs the USD, buying 62.8 US cents and making a new 10-year low of 62.2 US cents recently.

 

 

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