Full week for the international markets. Signs of improvement showed from multiple sides, as most major governments understood the need for additional measures to save their economies.
Monday was a day with overall gains all over the world, except for Australia's ASX, which dropped 0.5%. The American market went up more than 7% after the cases of infection with Coronavirus dropped for the second day in a row: USA30 rose 7.73%, USA500 went up 7.03%, and TECH100 gained 7.33%.
Gold traded higher at $1,717.9 per ounce.
Japan's government approved a stimulus package worth $990 billion.
Oil gained on Tuesday as the OPEC+ started the talks: Brent Oil went up 2.4% to $32.62 per barrel, and Oil rose 5.5% to $24.93 per barrel. While the European and Asian markets were on a rally for the second day, the American market lost. Europe50 gained 1.7%. Also, UK100 was up 2.7%, Japan225 added 0.4%. USA30 fell 0.12%. USA500 dropped 0.16%, and TECH100 fell 0.33%.
After a 16-hour meeting, Eurozone ministers reached no agreement on a stimulus package for the EU economy.
On WednesdayEurope50 fell by 0.4%, UK100 fell by 0.8%. Germany30 fell 0.3%, and France40 dropped 0.7%. American markets gained more than 3%. The third day of intensive care of the British prime minister was beneficial to the exchange rate, with GBP/USD gained 0.11% to 1.2399.
The end of the week was mixed, with the Unemployment Claims making one of the benchmarks drop by 16 points. The Federal Reserve announced another stimulus worth $2.3 trillion. USA30 and USA500 gained more than 1%. Oil lost more than 4% as OPEC+ decided to cut the production by 10 million barrels a day in May and June.
In Japan, the number of Coronavirus cases rose.
Thursday night, Eurozone ministers agreed and approved a stimulus worth more than €500 billion.
clinical trials are due to start in the third quarter of 2020.
Japan225 rose 0.79%. The American market followed through with USA500 adding 1.5%, USA30 gaining 1.2%, and TECH100 rising 0.8%.
ICE traded at 99.424.
EUR/USD traded close to the lowest level in a week at $1.0928.
Brent Oil gained 2.7% to $32.65 per barrel.
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Sources: reuters.com, ft.com, marketwatch.com, investing.com, yahoo.com, cnbc.com
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