The Nikkei 225 Future is trading at 19,300.00 with a loss of -1.43% percent or -280.00 point.TThe Nifty Future is trading at 9,065.75 up with +1.52% percent or +135.45 point. he Hang Seng Future is trading at 24,025.50 with a loss of -0.11% percent or -26.50 point.
TODAY’S FACTORS AND EVENTS
Asian stocks look set to tumble on Thursday, as fears that the world is in its worst recession since the 1930s were heightened by data showing U.S. retailers suffered a record sales collapse in March due to the coronavirus outbreak.
E-Mini future for the S&P 500 ESc1 fell 0.76% while Nikkei futures NKc1 pointed to a loss of 70 points, mirroring a 2.2% decline in the S&P 500 .SPX overnight. .N
The flight from risk helped the dollar rebound against major currencies and nudged gold off a 7-1/2-year high, while expectations that a recession will depress demand for oil pushed crude prices to 18-year lows overnight.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 23,504.35 with a loss of –1.86% percent or –445.41 point. The S&P 500 is trading at 2,783.36 with a loss of –2.20% percent or –62.70 point. The Nasdaq Composite is trading at 8,393.18 with a loss of –1.44% percent or –122.56 point.
In other parts of world, Japan’s Nikkei 225 is trading at 19,290.20 with a loss of –1.33% percent or –259.89 point. Hong Kong’s Hang Seng is trading at 24,019.75 with a loss of –0.52% percent or –125.59 point. China’s Shanghai Composite is trading at 2,819.08 up with +0.28% percent or +7.91 point. India’s BSE Sensex is trading at 30,649.17 up with +0.89% percent or +269.36 point at 12:15 PM.