It was a good day for the international markets - Tuesday review, March 24

Yesterday was a good day for the share markets. One of the most important indices, USA30, had an outstanding performance during yesterday’s trading session. This came as a token of trust regarding the pass of the stimulus bill. So far, this the most important and biggest set of measures proposed against the Coronavirus crisis. 

Traders are hoping that the stimulus bill will be approved, and the economy will have a $2 Trillion boost to help it counter the effects of the Coronavirus pandemic. The bill proposes measures regarding tax breaks, checks, and bailouts for businesses.

USA30 closed at 11.37%, the biggest gain it had since 1933. It was a good day for USA500 and TECH100 also, with gains of 9% and 8.12%, respectively.

Good news traveled over the ocean, and JAPAN225 closed on a positive note at 4.8%. Also, Australia's Australia200 gained 3.4%.

Gold had yesterday its biggest gain since 2008 of almost 5% to $1,614.5 per ounce.

Oil went up 4.5% to $25.10 per barrel. 

The EURO traded at $1.0808. The Dollar dropped 0.3% against the Yen to 110.85.


The information presented herein is prepared by 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.


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