Global markets recover ground - Wednesday review, April 22

Global markets recover ground - Wednesday review, April 22

Gains all over the board in mid-week trading session.

The US

The new stimulus package against COVID-19 managed to gain the traders’ trust: USA30 went up 1.99%, while USA500 and TECH100 rose 2.29% and 2.81%, respectively.

After a brutal start of the week, when it traded negative, Oil managed to recover some ground as new production cuts are in sight. Brent Oil rose 3% to $21.09 per barrel, and Oil gained 3.3% to $14.22 per barrel.

Traditional investor safe-haven, Gold, lost 0.30% and traded at $1,733 per ounce.

ICE lost 0.1% to 100.38.


Asia and Australia

Both sides of the Pacific got stimulated by Oil news – a slight rebound managed to kick-start the markets. The rumor about another cut in production quota made Japan225 gain 0.8%, while ASX went up 0.4%.

USD/JPY was steady at 107.72.

AUD/USD traded at $0.6310.


Europe

European markets rallied yesterday, with gains across the continent. Europe50 recovered 1.8% from the 3.4% loss on Tuesday. Germany30 gained 1.6%, and France40 went up 1.2%. UK100 earned 2.3%

EUR/USD traded at $1.08, while GBP/USD stood still at $1.2330.


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