Markets push to put the dramatic past behind them - Thursday review, April 9

Markets push to put the dramatic past behind them - Thursday review, April 9

With lots of major moves, stimulus packages from the Fed, joint-effort talks in the Eurozone and an OPEC+ meeting markets were receptive, and gains were the leitmotiv of the day.

The USA

Yesterday was a good day for Wall Street, even though the unemployment claims exceeded again six million. The market was on a rally as the Federal Reserve revealed another stimulus package worth $2.3 trillion. USA30 rose 1.22%, while USA500 gained 1.45%, and TECH100 went up 0.77%.

It was a mixed day for Oil. After it went up 12% intraday, it settled at 9.29% to trade at $22.76 per barrel. Brent Oil lost 4.1% to settle at $36.58 per barrel. OPEC+ decided to cut the production by 10 million barrels a day in May and June.

Gold settled at $1,736.20, after a rise of 4.2%.

ICE lost 0.1%.

JP Morgan gained 9%.

Asia and Australia

Japan225 lost 0.46% as the number of Coronavirus cases rose in the country.

Australia’s ASX was up 2.54%.

USD/JPY traded at 108.37.

AUD/USD rose and traded at $0.6337.


Europe

In Europe, it was a successful day, as all significant indices gained. Germany30 rose 2.2%, and UK100 went up 2.9%. Europe50 gained 1.7%.

GBP/USD rose 0.72% to 1.24754, as the prime minister left intensive care.


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Sources: marketwatch.com, seekingalpha.com, investing.com

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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.

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