Article Hero

Mixed week for the markets around the world - Weekly Review, 18 – 22.05

1590394330.jpg
ميغيل رودريغيز
ميغيل رودريغيز
14 سبتمبر 2020
The hope of a vaccine pushed markets.

Monday: The beginning of the week was good for the markets: all benchmarks ended the trading session in the green. Moderna’s successful vaccine trial moved the markets. The most significant gains were by TECH100 and Germany30, which rose 3.85%, and 5.67%, respectively. 

The short-selling ban for a handful of European countries ended. 

Bank of Spain announced that the pandemic pushed the economy to set negative records. In just three months, the economy shrunk by 5.2%. The contraction is expected to increase by up to 12.4%.

Baidu had a better than expected Q1 report, as the pandemic forced people to stay indoors. In after-hours trading, the stock price went up 8%. 

France and Germany have put together a monetary measure worth $545 billion debt-backed plan to help the most affected European countries get back on their feet.

Tuesday: Information about Moderna’s vaccine has surfaced and made the investors lose their trust. Benchmarks fell by 0.5% up to 1.59%.  

The Chinese Central bank announced that it would keep the interest rate at 3.85% - HongKong45 lost 0.12%, while USD/CNY added 0.10%.

Gold added 0.44% to $1, 753.20 per ounce.

Walmart had a better than expected financial report. Due to the pandemic, online sales grew by 74%. In after-hours trading, it gained more than 3%. 

Kohl’s Q1 report was disappointing. Unlike Walmart, it lost 43% in just three months. This year alone, the stock price fell by 63%.

Wednesday: Europe started to ease the lockdown measures, which made the benchmarks gain. 

Japan225 lost 0.05% after the country’s exports collapsed during the pandemic. 

Oil added 2.97% to $32.91 per barrel. Brent Oil rose 1.885 to $35.30 per barrel.

Gold lost what it gained on Tuesday, dropping by 0.49%.  

Target had a good Q1, part of the pandemic, due to which the online services increased by 278%. 

Thursday: The American benchmarks ended the day in red, with losses between 0.41% and 0.97%.  

HongKong45 closed at 3.7% - reaching a seven-week low. 

Also, the European benchmarks closed on negative: UK100 lost 0.9%, Italy40 dropped by 0.7%, while Germany30 shed 1.4%.

Ford had some problems when reopening some of the essential plants in the States. Some workers were found positive of infection. Until now, the stock fell 41%.  

The unemployment report showed another 2.438 million jobless people. Since the lockdown, more than 38 million people are on unemployment benefits. 

Friday: Japan225 gained 1.75 after the government announced a new potential stimulus package.  

AstraZeneca announced sponsorship from the U.S. in its efforts to produce a viable vaccine against the virus. It has received $1 billion to push the gas-pedal in the developing process. 

Alibaba posted their Q1 report, which exceeded analysts’ expectations. The revenue grew by 22% compared to the same time last year. 

Stay updated with the latest market news! Register now!

Sources: investing.com, edition.cnn.com, marketwatch.com, cnbc.com, seekingalpha.com


 ويقر محلل Miguel A. Rodriguez الأبحاث المسئول بشكل رئيسي عن محتوى هذا التقرير البحثي, جزئيا أو كليا, أن وجهات النظر حول الشركات وأوراقها المالية الواردة في هذا التقرير تعكس بدقة وجهات نظره الشخصية فحسب, وبالتالي فإن أي شخص يتصرف بناء عليها يفعل ذلك على مسئوليته الخاصة بشكل كامل.لا يمثل البحث المقدم هنا آراء KW Investments Ltd كما لا يعتبر دعوة للاستثمار مع KW Investments Ltd. يُقِر محلل الأبحاث أيضاً أن جزء من التعويض الذي يحصل عليه، أو سيحصل عليه، بشكل مباشر أو غير مباشر، يرتبط بالتوصيات أو الآراء الواردة في هذا التقرير.لا يعمل محلل الأبحاث لدى KW Investments Ltd. ننصحك بطلب الحصول على استشارة من مستشار مالي مستقل بخصوص مدى ملائمة الاستثمار، بموجب ترتيبات منفصلة، والتأكد من ملائمته وتوافقه مع أهدافك الاستثمارية المحددة، وضعك المالي أو احتياجات المالية الخاصة قبل الالتزام بالاستثمار.تحكم قوانين جمهورية سيشل أي مطالبات تنشأ أو تتعلق بمحتوى المعلومات/الأبحاث المقدمة.

مشاركة هذا المقال

كيف وجدت هذا المقال؟

مريع
نعم
عظيم
Awesome

اعرف المزيد

ميغيل رودريغيز
ميغيل رودريغيز
كاتب مالي

بدأ ميغيل مسيرته المهنية الطويلة في مؤسسات مالية مرموقة مثل Banco Santander و Banco Central-Hispano.وهو مؤلف لكتب تداول العملات.