[oil traders] DAVE LUTZ, HEAD OF ETFS AT JONESTRADING, HAS AN OVERVIEW OF TODAY'S MARKETS. * The US stock market looks like its heading for another day of selling, watch the Dow move in real time here. * It's the EU's worst day since Brexit. * Bitcoin dropped below 6,000, well off its highs near $20,000. * Oil is down 1.5%. HERE'S LUTZ: > Morning! US Futures are still getting smoked, with the Industrials > marked down another 1.5% early - All eyes on Volatility and some VIX > Linked products potentially getting liquidated - VIX is currently > trading near 50, a 33% increase from yesterday’s closing rip > higher. We are seeing some Haven Action, with Gold and > Treasuries bid early. It’s the EU’s worst day since Brexit, > with the DAX down 2.4% - Fins the worst off, with Banks in Frankfurt > off 2.6% on Average – paced by CS, the parent of XIV, getting hit > for 8% in early trade. FTSE is off 2.3% as Banks and Miners get > smoked, while the Supermarkets hit on Ocado. Volumes explosive, > with Frankfurt trading almost 2x normal averages. Full Smokeshow > in Asia as they Followed Wall Street down the Volatility Rabbit Hole > with Nikkei VIX leaping 50% - Nikkei off 4.7%, Hang Seng off 5%, > Shanghai lost 3.3% as technology, resources and financial shares got > pummeled - KOSPI down 1.5% - Aussie hit for 3.2% as banks and > resources stocks were hit, and India down 1.6% > > Haven action has a sharp bid under Bunds, driving Germany’s 10YY > 7bp lower, and we see the same action in Treasuries, where the 10YY > is under 2.7% - Chances of a March Hike down to 69% chance from 76% > yesterday. 4 Hikes in ’18 13% down from 21% yesterday. The > Greece delayed bond sale due to turmoil, blowing their yields 10bp > wider early, weighing on Euro. The $ is up against all the majors, > but Gold still 50bp higher. Bitcoin is getting smoked again, off > another 10% after testing $6000 in the overnight. Commods all > under pressure, with WTI off 1.5% and Gasoline 2%. Ore was off 1% > overnight, and Copper is off 1% early. HERE ARE THE 10 THINGS YOU NEED TO KNOW TODAY. SEE ALSO: 10 THINGS YOU NEED TO KNOW BEFORE THE OPENING BELL Join the conversation about this story » NOW WATCH: Microsoft President Brad Smith says the US shouldn't get 'too isolationist'
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