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European futures slump 10% as oil prices crash

Published 03/09/2020, 03:38 PM
Updated 03/09/2020, 03:40 PM
© Reuters.  European futures slump 10% as oil prices crash
DE30
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UK100
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EU50
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
March 9 (Reuters) - European futures tumbled 10% on Monday
as the launch of a price war between Saudi Arabia and Russia
sent oil prices crashing, adding to fears the world was sliding
into recession on the back of the coronavirus epidemic.
Euro STOXX 50 futures STXEC1 were on course for their
worst day on record, as oil prices fell more than 25% after
Saudi Arabia slashed its official selling prices following
Russia's refusal to agree a further steep cut in oil output.

FTSE futures FFIc1 tumbled 9.1%, while German DAX futures
FDXc1 were off 9%.

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