New highs for the US and European stocks - Thursday Review, April 1

New highs for the US and European stocks - Thursday Review, April 1

Multiple markets closed at record highs driven by the upcoming US stimulus package

The US

The high number of unemployment claims didn’t deter investors’ optimism for a strong rebound. Tech stocks were the stars for the second consecutive day. USA30 rose 0.52%, and USA500 went up 1.18%, closing at a record high. TECH100 closed 1.76% higher.

Crude oil traded 1.5% higher at $60.05 per barrel.

Gold rose 0.2% to $1,719.75 per ounce.

Asia and Australia

Japan225 gained 0.73% as both the Large Manufacturers Index, and Large Non-Manufacturers Index readings came ahead of consensus.

HongKong45 jumped 1.01% even though many of the index’s listed companies failed to report earnings before the March 31 deadline.

Down under, Australia200 was up 0.22% after Brisbane lifted its COVID-19-related lockdown.

Europe

Stocks edged to record levels boosted by the US $2 trillion stimulus package, which overshadowed pandemic worries. Germany30 traded 0.6%, closing at an all-time high. France40 rose 0.2%, while UK100 gained 0.5%. Europe50 reached a new record after it added 0.4%.

Brent oil rose 1.4% to $63.60 a barrel.

EUR/USD added 0.1% reaching 1.1738.

Sources: reuters.com, investing.com

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