Fresh quarter, fresh gains - Weekly Review, 6.04.2020- 10.04.2020

Fresh quarter, fresh gains - Weekly Review, 6.04.2020- 10.04.2020

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%.

Europe50 gained 2.6%. Germany30gained 2.9% and UK100 went up 2.1%.

Gold traded higher at $1,717.9 per ounce.

Bitcoin managed to recover some ground, trading at $7,200.

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.

Twitter and Square founder Jack Dorsey, donated $1 billion to help develop a vaccine against the Coronavirus.

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.


On Friday, Pfizer announced that they are working on a potential treatment against the novel virus, and

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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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.