We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
Oil - US Crude
Wall Street
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • $EURUSD chart positioning hints the Euro may be running out of steam following a spirited recovery but sentiment studies continue to argue for the upside.Get your EUR/USD market update from @IlyaSpivak here:https://t.co/zp2oz1G2QZ https://t.co/YsxURDW4aT
  • Frankly, I'm surprised the 'equity market related economic uncertainty index' the Fed measures isn't higher. Apologies for using the Wilshire 5000. They don't have significant SPX or Dow historical https://t.co/CioVpmmdv9
  • Market snapshot: #NZD up over 0.5% vs G10 FX heading into Asia's Tuesday trading session [delayed].
  • 🇳🇿 NZD Building Permits (MoM) (FEB), Actual: 4.7% Expected: N/A Previous: -2.0% https://www.dailyfx.com/economic-calendar#2020-03-30
  • Heads Up:🇳🇿 NZD Building Permits (MoM) (FEB) due at 21:45 GMT (15min), Actual: N/A Expected: N/A Previous: -2.0% https://www.dailyfx.com/economic-calendar#2020-03-30
  • USTR Lighthizer says G20 should stay focused on pandemic, not try to use it to push other agendas in trade or elsewhere #Tradewar
  • In a positive development, the S&P 500 did not hit limit down after this week’s open for US equity futures. Get your #S&P500 technical analysis from @JStanleyFX here: https://t.co/7LDq88mYPE https://t.co/O6njknUzvV
  • Just launched - a major face lift to the @DailyFX education section 👇 https://t.co/i0PDKbWip3
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.25% 🇯🇵JPY: 0.14% 🇬🇧GBP: -0.26% 🇨🇭CHF: -0.70% 🇪🇺EUR: -0.81% 🇨🇦CAD: -1.25% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/TTILCrZCAZ
  • President Trump announces White House news conference at 5:00 PM Eastern
European Indices Suffer Historic Single-Day Declines Amid Panic

European Indices Suffer Historic Single-Day Declines Amid Panic

2020-03-12 18:30:00
Peter Hanks, Analyst

European Stocks Collapse Alongside Dow Jones:

  • The DAX 30 suffered a decline of -12.24%, its largest single-day decline since 1989
  • The FTSE 100 fell -10.87% while the FTSE MIB crashed -16.62%
  • Altogether, the declines across European equities were some of the worst in history

European Indices Suffer Historic Single-Day Declines Amid Panic

European stock indexes suffered double digit declines on Thursday as panic spread across global financial markets and the ECB fell short on market expectations and containment procedures look to eviscerate economic activity. As selling progressed in US trading, the Federal Reserve announced a behemoth-sized liquidity injection after losses on the Dow Jones, S&P 500 and Nasdaq tripped yet another circuit breaker.

stock market crash

Data from TradingView, created by Peter Hanks

While the Fed’s operations look to provide a short-term cushion for the equity market, precipitous declines in the bond and gold markets suggest the selling has reached another stage. With the three markets – which are typically situated on opposite ends of the risk curve – trading lower in tandem, it can be argued investors are liquidating positions to cover margin requirements or liquidating in favor of pure cash.

What Markets are Rising as the Dow Jones and Crude Oil Collapse?

Either way, the resultant price action and central bank intervention speaks to the pressure markets are currently experiencing. Despite years of gains being erased in mere days, further losses may be on the horizon as the United States begins quarantine and containment procedures. Given Italy’s response to the virus, investors may be fearing the prospect of total lockdown, an event that would effectively erase economic activity and expected corporate profits in the world's largest economy.

Forex for Beginners
Forex for Beginners
Recommended by Peter Hanks
Forex for Beginners
Get My Guide

Further still, liquidity concerns have begun to permeate throughout the market which could beget continued selling as investors panic. In any event, the probability of an economic recession has climbed higher and equity gains may be short-lived as traders grapple with the historic price swings and volatility . In the meantime, follow @PeterHanksFX on Twitter for updates and analysis.

--Written by Peter Hanks, Junior Analyst for DailyFX.com

Contact and follow Peter on Twitter @PeterHanksFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.


News & Analysis at your fingertips.