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LIVE MARKETS U.S.-Stocks look set to rally after biggest drop since 1987

Published 14/03/2020, 12:11 am
© Reuters.  LIVE MARKETS U.S.-Stocks look set to rally after biggest drop since 1987
DJI
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* U.S. stock futures up 5%

* European shares jump, Asian shares end down

* Gold rises, oil climbs, 10-yr T-note yield ~0.92%

NEW YORK, March 13 (Reuters) - Welcome to the home for real-time coverage of U.S. equity markets brought to you by Reuters stocks reporters and anchored today by Caroline Valetkevitch. Reach her on Messenger to share your thoughts on market moves: caroline.valetkevitch.thomsonreuters.com@reuters.net

STOCKS LOOK SET TO RALLY AFTER BIGGEST DROP SINCE 1987 (0900 EDT/1300 GMT)

U.S. stock index futures jumped more than 5%, hitting a limit-up in trading, and pointed to a sharply higher opening on Friday as optimism for a U.S. stimulus package helped to calm investor jitters over the impact of the coronavirus pandemic.

The gains come a day after the Dow and S&P 500 registered their biggest daily percentage drops since "Black Monday" in 1987. .N

U.S. Democrats and Republicans signalled they could soon agree on support measures. Australia also pumped liquidity into its financial systems.

Cruise liners were were also set to bounce back after a brutal sell-off this week.

Here is your early market snapshot:

(Caroline Valetkevitch)

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