An eventful week marks the end of April
Monday: the American market moved after the Paycheck Protection Program took effect. All indices gained more than 1%.
Oil didn't do so well, though; it fell 25.80% to trade at $12.57 per barrel. Brent Oil lost 8.22% and reached $22.77 per barrel.
Gold traded at $1,724 per ounce.
Japan225 fell after the unemployment rate increased by 2.5%. The BOJ approved an open-ended stimulus program. Meanwhile, in Europe, indices gained after construction, pharmaceuticals and transportation traded higher.
Adidas posted its financial report for the first quarter. The numbers weren't satisfactory, as more than 70% of the worldwide store closed.
Oil rebounded 15.7% to $14.29.
The European stock market gained more than 1%.
The decrease in the number of cases made some European countries to consider easing the lockdown measures and opening up their economies.
The British energy giant, BP, released its financial report. The company recorded losses on every front, with a production drop of 2.9%. For the second quarter, BP expects the output to be even lower.
UBS reported a fantastic first quarter, with a profit of 40% during the first trimester.
Alphabet exceeded the analysts' expectations, with a revenue of $41.16 billion.
Wednesday: After Gilead’s report that the trials for Remdesivir proved to be efficient, the American markets rallied: USA30 gained more than 2%, TECH100 added 3.33%, and USA500 rose 2.54%. European indices gained more than 1%.
The Advanced GDP report reported a drop of 4.8% - the most significant decline since the fourth quarter of 2008.
Pepsi reported an adjusted EPS of $1.07, with organic growth of the revenue of 7.9%.
Thursday: The American indices ended negative, but USA30 had the best month since 1987 – it lost 1.2%.
Oil rebounded 11% in April after a drop more significant than 60%.
Tesla reported an EPS of $1.24 and revenue of $5.99 billion after analysts' predicted a loss of 25 cents per share.
Friday: The American indices closed the week on negative territory: USA30 fell 2.6%, USA500 lost 2.8%, while TECH100 closed 3.2% lower, as investors are fearful of some states’ decision to open their economies.
As far as the Asian market is concerned, it closed negative after President Trump announced new tariffs, as he believes China played a crucial role in the pandemic.
In Europe, UK100 fell 2.2% after the housing market raced to a halt.
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Sources: cnbc.com, investing.com, yahoo.com, bbc.com, marketwatch.com, forexlive.com
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