Finally, a better day for the markets - Monday review, April 6

Finally, a better day for the markets - Monday review, April 6

Markets closed on a positive note yesterday’s trading session. A worldwide drop in Coronavirus infection numbers and the long-awaited OPEC+ meeting kick-started the market.

The U.S.

Signs of improvement emerged yesterday when for the second day in a row, the number of cases in New York dropped. It was a good sign for traders, who made the market move: USA30 rose 7.73%, USA500 went up 7.03%, and TECH100 gained 7.33%.

As the OPEC+ members are getting ready for a virtual meeting to end the price-war, the Oil price went up 4.1% to $27.15 per barrel. Brent Oil gained 2.43% to trade at $34.11 per barrel.

Gold

went up 1.43% to $1,717.9 per ounce.


Asia and Australia

It was a good day for the Asian market, with Japan225 rising 2%, and by this, erasing most of last week's losses after Prime Minister Abe promised a stimulus package worth 20% of the country's GDP.

On the other side, Australia's ASX lost 0.5%.

USD/JPY gained 0.4% to 108.75.

AUD/USD rose 0.5%


Europe

European markets followed their US counterparts and finished higher. Europe50 gained 2.6%.

Germany30 gained 2.9% and UK100 went up 2.1%

Due to Prime Minister Boris Johnson's Corona hospitalization, GBP/USD was down more than 0.50%.


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Sources: marketwatch.com, investing.com, cnbc.com

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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.