March 9, 2020 / 11:25 AM / a month ago

GRAPHIC-Markets snapshot: Oil wreck, bear stocks, rouble trouble

(Adds graphic, updates prices)

By Thyagaraju Adinarayan and Ritvik Carvalho

LONDON, March 9 (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%.

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 and Shell shed one-fourth of their value? Never.

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

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

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

** 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%

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

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

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

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

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

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

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

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