CIRCUIT BREAKERS (14 Apr): Hard upside or downside limit of 5% during non-US hours in Futures, 7%, 13% and 20% circuit breakers in US Futures during US hours

*E-MINI S&P:

During non-US trading hours

• Jun' 20 (M0 Futures) – Hard upside or downside limit of 5% from 1800EDT/2200GMT to 0930EDT/1330GMT (2614.50 downside/ 2890.50 upside)

During US trading hours (Futures)

• Futures have no limit up

Limit Down (M0 Futures)

• Level 1: 7% fall to 2559.50


• Level 2: 13% drop to 2393.50


• Level 3: 20% decline to 2200.50

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*NASDAQ

During non-US trading hours

• Jun' 20 (M0 Futures) – Hard upside or downside limit of 5% from 1800EDT/2200GMT to 0930EDT/1330GMT (7901.25 downside/ 8734.25 upside)

During US trading hours (Futures)

• Futures have no limit up

Limit Down (M0 Futures)

• Level 1: 7% fall to 7734.50


• Level 2: 13% drop to 7234.50


• Level 3: 20% decline to 6651.25

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*DOW JONES:

During non-US trading hours

• Jun'20 (M0 Futures) – Hard upside or downside limit of 5% from 1800EDT/2200GMT to 0930EDT/1330GMT (22110 downside/ 24448 upside)

During US trading hours (Futures)

• Futures have no limit up

Limit Down (M0 Futures)

• Level 1: 7% fall to 24642


• Level 2: 13% drop to 20239


• Level 3: 20% decline to 18601

14 Apr 2020 - 05:05- EquitiesResearch Sheet- Source: newsquawk/CME