It’s still bloody out there - Wednesday Review, April 1

It’s still bloody out there - Wednesday Review, April 1

April’s Fools wasn’t so funny for the markets

The new quarter started yesterday the same way the previous ended: disappointingly. Global markets were already down for the first quarter. Starting fresh on the wrong note does nothing but deepen the idea of a bear market that’s here to stay.

The USA

It was another unsatisfying day for the US indices, each dropping more than 4%. USA500 fell 4.44%, setting a new record according to Dow Jones Market Data. Yesterday the index had the worst first day of any quarter ever recorded.

USA30 declined 4.32%, the worst start in its 124-year history. TECH100 didn't perform any better, with a 4.41% drop.

Overall, USA30 is 29.13% away from its record on February 12, USA500, and TECH100 are 27%, and 25%, respectively, from their all-time closing highs on February 19.

Gold dropped 0.3% to $1,591.40 per ounce.

Oil gained 4% to $21.22 per barrel. Brent Oil traded at $26.20 per barrel.

Asia and Australia

Japan’s benchmark, JAPAN225 was down 0.2%, with an overall loss of 4.5% in just two days. Australia’s ASX fell by 1.7%.

USD/JPY traded at 107.15.

Europe

On the European market, the last trading session went a bit better than its American and Asian counterparts. Germany30 gained 1.7%, while France40 and UK100 were up 0.4%, and 0.5%, respectively.

EUR/USD traded at $1.0939.

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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.