See what’s driving market performance around the world in today’s Morning Lineup.  Bespoke’s Morning Lineup is the best way to start your trading day.  Read it now by starting a two-week free trial to Bespoke Premium.  CLICK HERE to learn more and start your free trial.

With headlines likely to get worse before they get any better, investors are once again in no mood to buy equities heading into a weekend.  Equity futures are down over 2% and getting worse as treasury yields sink like a stone.  After breaking below 1% for the first time ever earlier this week, the yield on the 10-year is now at 0.72%.

Today’s Non-Farm Payrolls report for February came in extremely strong with headline payrolls coming in at 273K versus expectations for a gain of 175K.  Unfortunately, all of this data is from early February, so no one is likely going to care.

Read today’s Bespoke Morning Lineup for the latest stock-specific news of note, updates on the coronavirus, and a recap of economic data coming out of Europe.


The price chart of Europe’s STOXX 600 is really something to behold.  Less than a month after hitting 52-week highs, the index is now knocking on the door of 52-week lows.  It’s rare enough to see this type of a reversal in an individual stock, but for a benchmark equity index of an entire continent, it’s nuts.  With a decline of over 3% today, the STOXX 600 is now less than 2% from hitting that level.  As we discussed in the Morning Lineup, this is just a further illustration of how before the coronavirus breakout started, the global economy was starting to accelerate.

Print Friendly, PDF & Email