After five days of rebounds it seems indices are back to losses - Weekend review, 27-29.03.2020

After five days of rebounds it seems indices are back to losses - Weekend review, 27-29.03.2020

International markets have returned to the pre-stimulus state

After five days of rebounds it seems indices are back to losses - Weekend review, 27-29.03.2020

Stocks fell on Friday (after recovering throughout the week), but the major indices managed to recover some of this year’s losses:

  • USA30 fell 2%, but overall booked +12.8% per week, its strongest since 1938
  • USA500 fell 2.1%, with an overall of +10.3%, its biggest jump since 2008
  • TECH100 fell 1.7%, with an overall of +9.1%, its biggest jump since March 2009

Stocks went up after the U.S. Senate passed the $2 Trillion stimulus bill.

Over the weekend, JAPAN225 fell 2.7%.

USD/JPY fell to 107.53, from a high of 111.71. EUR/USD was at $1.1088, after going up more than 4% over the week.

Gold dropped 0.3% to $1,611 per ounce.

With another lack of consensus between Saudi Arabia and Russia on the energy market, Oil fell once again. Brent Oil traded at $23.47 per barrel, and Crude Oil fell to $20.54.

To protect its economy, the Central Bank of Canada cut the interest rate to 0.25%; this being the lowest level in more than a decade.


Sources: marketwatch.com, investing.com

The information presented herein is prepared by CAPEX.com and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.

Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation. Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.

The information presented herein is prepared by CAPEX.com and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.

Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.

Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.