Those are the overnight moves! DAX futures are already down over 20% from the peak of a few weeks ago:
DAX futures down over 8%, 40 minutes before regular open. Anyone know where the circuit breakers are on the DAX?
DAX futures now down over 1100 pts, almost 10%. Half hour to open. Looks like the EURSTOXX 50 futures are down exactly 10%.
Europe Futures Collapse 8%; U.S. Yields Cratering: Markets Wrap https://www.bloomberg.com/markets 10-year Treasury yield below 0.5% 30-year yield drops under 1% Crude plummets over 30% (largest slide since Gulf War 1991)
DAX has recovered now down only 5% inline with US futures. Was down almost 10% in pre market. Insane stuff.
Stock index futures are tame compared to CL. CL gapped down 20% from 41 to 33. Then went from 33 to 27 in a couple of hours. Another 20% down move. Then went from 27 to 33 over a few hours. A 20% up move. CL makes the 5% moves we have been getting in the SIFs look insignificant.