Day Ahead: Top Things to Watch for March 23

• 2020-03-23
• Traiding Idea

US equity futures hit limit down after Congress fails to agree on a $1.6 trillion stimulus package

The US stock futures and the Asian market collapsed on Monday after the number of confirmed Coronavirus cases in the world exceeded 300,000, and The US $ 1.6 billion stimulus package has faced political restrictions.

The stock selloff in global markets has continued to increase as investors' confidence in US government plans has diminished.
S&P 500 futures dropped 5% and hit limit down, which triggers a trading halt. The Dow Jones Index fell 4.88% and is expected to perform poorly again this week as the coronavirus relief package sees an abrupt roadblock.
Demand for the US dollar continues to rise due to market risk aversion, but there is a chance that the Japanese yen will become a safe asset again.