Futures market points to negative open for U.S. stock markets, oil edges lower

 

U.S. stock markets were set to plunge at the start of the trading week as the futures market suggested a negative start to trading.

The move would come after the worst week of trading for North American stock markets since the global financial crisis in 2008 and 2009.

In European trading today, stock markets in Paris, Frankfurt, and London were all down.

Markets have sold off as governments around the world have tightened restrictions in an effort to slow the spread of COVID-19.

Lockdowns and closures have brought many businesses to a halt as the number of people infected has topped 300,000.

The May crude contract was down 22 cents at US$22.41 per barrel

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