Slowly, but surely, the markets are making their way to the top - Thursday review, March 26

Slowly, but surely, the markets are making their way to the top - Thursday review, March 26

In this chaotic market, the stocks made it through

Leaving aside the shocking numbers of unemployed people in America, the market had a third successful trading session.


USA30 and USA500 went up yesterday with more than 6%, to 6.38%, and 6.24%, respectively. TECH100 rose 5.60%.

This is the third consecutive day of gain after the US Senate approved the stimulus bill, and although yesterday's Unemployment Claims exceeded three million, the worst figure ever in its history.

A good day for the American banks as well, with JPMorgan rising 6.7%, and Goldman Sachs gaining 6.8%.

USD/JPY dropped 1.44% to 109.42 Yen, while the Dollar lost again against other currencies (in some cases with about 1.5% - the most significant daily falls in almost four years).

European stocks closed higher yesterday, as traders were waiting for a vote by E.U. lawmakers on the emergency funds made to keep the economy on the right track.

Europe50 closed at 2.6%, with an overall gaining of 15% over the past three trading sessions. Italy40 closed the session at 0.7% and Spain35 at 1.3%. Germany30rose by 1.3%.

Oil went up 2.04% to $23.06 a barrel. Brent Oil rose 0.84% to $26.56 per barrel.

On the other side, Gold fell 0.34% to $1,626 per ounce.



Sources: investing.com, reuters.com, marketwatch.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.