The market doesn’t seem to make up its mind - Wednesday review, April 8

The market doesn’t seem to make up its mind - Wednesday review, April 8

Markets were mixed once again on Wednesday, as everyone is expecting the OPEC+ meeting, and Japan's declared a state of emergency.

The U.S.

USA30 and USA500 gained more than 3%, 3.44$, and 3.41%, respectively. TECH100 rose 2.58%.

Oil keeps on rising, as the OPEC+ meeting will take place on Thursday and positive expectations started to arise. Oil rose 3.3% to $25.91 a barrel, and Brent Oil gained 1.2% to $33.25 per barrel.

ICE was flat yesterday at 100.15.

USD/CAD traded at $1.4025.

Gold rose 0.1% to $1,685.00 per ounce.

Asia and Australia

Japan225 dropped 0.47% as the country is on its second day of the state of emergency. Australia’s ASX gained 1.75%.

USD/JPY was at 108.94.

AUD/USD gained 0.15% to 0.6236.


Europe

The European stocks fell yesterday, as the EU finance ministers didn’t get to an agreement regarding the economic drawdown caused by the pandemic. Europe50 fell 0.4%, UK100 fell 0.8%. Germany30 fell 0.3%, and France40 dropped 0.7%.

EUR/USD was flat at $1.0858 after it slipped 0.35%.

GBP/USD gained 0.11% to 1.2399, as Prime Minister Boris Johnson is in stable condition in his third day of intensive care.


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Sources: marketwatch.com, investing.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.