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Futures for US stocks, the dollar, crude oil and gold prices fluctuated sharply after the news of the positive nCoV from the Trump couple.
Currently, DJIA futures are down 1.5%, the S&P 500 is down 1.57% and the Nasdaq 100 is down 1.9%. These indicators have dropped since before, following news that Hope Hicks, Trump’s close associate, was confirmed to be infected with the virus, prompting him and Ms Melania to test and begin the “quarantine process. “. However, the slowdown accelerated when the president of the United States announced on Twitter that both he and his wife were positive for nCoV.
Instead, the US dollar strengthened on this news, especially against the British pound, the Australian dollar and the New Zealand dollar. The Japanese yen is also rising, showing signs that investors are protecting. The world spot price of gold also increased by nearly $ 30 in half an hour, from $ 1,890 to $ 1,906 per ounce today.
The yield on 10-year US government bonds fell to 0.6578%. This means that the price of this bond is increasing.
In the crude oil market, Brent prices are down 3.62% to $ 39.45 a barrel. US WTI crude also lost 3.64% to $ 37.31 a barrel. Yesterday these two oils lost almost 4%.
The fact that Trump is positive for nCoV may spark a new wave of volatility in the market, as investors are closely watching the US presidential election. “This will reduce Trump’s ability to execute,” said Sean Callow, currency strategist at Westpac. about the pandemic “.
Yesterday (October 1), US stocks rose after a volatile session. Macroeconomic data shows that the US is weakening. Meanwhile, the prospects for the next stimulus package are dim. At the close, the DJIA was up 0.13%, the S&P 500 was up 0.53% and the Nasdaq Composite was up 1.42%.
Ha Thu (According to CNBC)
