March 9, 2020 / 10:08 AM / 23 days ago

Markets snapshot: Oil wreck, bear stocks, rouble trouble

LONDON (Reuters) - A massive oil price collapse overnight and the fast-spreading coronavirus has led to wild price swings across global financial markets on Monday, with some moves as great as 25%.

A passerby wearing a protective face mask following an outbreak of the coronavirus disease (COVID-19), walks past an electronic display showing Asian markets indices outside a brokerage in Tokyo, Japan, March 9, 2020. REUTERS/Edgard Garrido

Those moves came as Saudi Arabia launched a price war with Russia, sending investors already panicked by the coronavirus fleeing for safety.

When was the last time oil giants such as BP (BP.L) and Shell (RDSa.L) shed one-fourth of their value? Never.

The list below highlights some of the biggest price moves and their significance:

** Brent crude LCOc1 fell as much as 31.4%, the biggest daily drop since the first Gulf War

(Graphic: Brent crude suffers biggest daily drop since first Gulf War - here)

** The yield on 10-year U.S. Treasuries US10YT=RR fell further to a record low of 0.4624%, having halved in just three sessions

(Graphic: 10-year UST yield hits record low - here)

** The slump in yield signals another round of big rate cuts by global central banks

** The 10-year Bund yield fell to a record low of -0.863% DE10YT=RR

(Graphic: 10-year German bund yield hits record low - here)

** U.S. stock futures plunged 5% to hit their daily down limit and halt trading

** London's FTSE 100 .FTSE shed 8.4% a few minutes after the open in its worst single-day drop since the financial crisis

(Graphic: British stocks suffer worst one day fall since financial crisis - here)

** London-listed Shell plunged 23% and BP 29% in their worst-ever intraday rout

(Graphic: BP, Shell suffer worst intraday rout - here)

** The Russian rouble is down over 8%, on track for its worst drop since December 2014, also when oil prices plunged

(Graphic: Rouble on track for biggest daily drop since December 2014 - here)

** The dollar extended its slide in Asia to as low as 102.60 yen JPY=, depths not seen since late 2016

(Graphic: Dollar/yen falls to lowest since late 2016 - here)

** Emerging-market stocks .MSCIEF dropped over 4% and the world’s biggest listed entity, Saudi Aramco 2222.SE, traded below its IPO price for the first time

(Graphic: EM stocks drop 4% - here)

Reporting by Thyagaraju Adinarayan and Ritvik Carvalho, additional reporting by Marc Jones in London; editing by Larry King

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