Strange market mix - Weekly review: 23.03.2020 - 27.03.2020

Strange market mix - Weekly review: 23.03.2020 - 27.03.2020

Although overall it was a week with rebounds, all changed by the end of it

It was a mixed week for markets around the world. Many countries affected by the Coronavirus pandemic took drastic measures to help their economies. One thing is for sure, all of them announced stimuli.


Federal Reserve decided to buy as many Treasury Bonds and numerous assets as is necessary to save the U.S. markets. Also, a $300 Billion program was announced to help the cash flow, employers, consumers, and businesses. On Monday, all major indices went up between 2-6%.

On Tuesday, America held its breath as it waited for the $2 Trillion stimulus bill to be approved. It was a good trading session, with USA30 closing at 11.37%. USA500 and TECH100 closed at 9% and 8.12%, respectively.

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

Wednesday was the third consecutive day of gains after the U.S. Senate passed the stimulus bill. Except for ICE and TECH100, indices all over the world went up between 1-8%.

The end of the week came with shocking numbers, as the Unemployment Claims was released, and it showed that more than 3.2 million people are unemployed due to Coronavirus. American indices went up with more than 5%, whereas the European ones closed somewhere around 0.7% to 2.6% (Europe50). This came as a response to the emergency funds vote by the E.U. lawmakers.

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

Friday wasn’t such a good day for trading, with indices falling more than 1%.

Bank of Canada made the most significant interest rate in more than a decade, cutting it to 0.25%.

Italy might need to increase the stimulus amount with another €30 Billion to pay for welfare measures.


Sources: investing.com, cnbc.com, marketwatch.com, fin24.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.