Stocks traded higher after dovish Fed minutes - Thursday Review, April 8

Stocks traded higher after dovish Fed minutes - Thursday Review, April 8

USA500 and UK100 reached new highs, boosted by hopes of a global economic recovery

The US

Wall Street closed in the green, with investors switching focus from the high number of unemployment claims to Fed’s minutes. USA30 rose 0.17%, while USA500 climbed 0.42%. TECH100 went up 1.03%.

Oil rose 0.12% to hit $59.84 per barrel.

Gold was up 0.93% to $1,757.80 per ounce.

The Dollar Index lost 0.42% and traded at 92.085.

Asia and Australia

As investors focused on the US Federal Reserve’s plan to continue with its supportive monetary policy, markets were mixed.

Japan225 fell 0.42% even though the balance of payments data released was positive.

HongKong45 rose 1.%.

Down under, Australia200 rose 1%.

USD/JPY fell 0.52% to 109.27.

Europe

Stocks traded higher, boosted by expectations of a global economic recovery. The surge was driven by the Federal Reserve’s minutes which reiterated its easy monetary policy. Germany30 traded 0.2% higher, while France40 rose 0.5%. UK100 reached a 52-week high after it gained 0.3%.

Brent oil rose 0.27% to $63.33 a barrel.

EUR/USD was up 0.38% at 1.1915.

Sources: reuters.com, investing.com

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.