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Market Overview
More Good News to come from the East
The main European stock exchanges were up and reached historical highs yesterday. New economic stimulus from China, as well as many other Asian countries, could thus explain the positive feeling yesterday - in particular, a decrease in the main interest rates of various central banks are expected and, as a consequence of this, reductions in taxes may also be expected. The Stoxx 600 ended the day on a high, having risen by 0.43%.
In the debt market, the interest rates on the bonds of main European countries had a mixed behaviour throughout the day. While some remained unchanged, others rose slightly.
The European currency recovered by 0.07%, and also had a variety of behaviours yesterday. The trading volume was lower in yesterday's session as it was a public holiday in the United States.
With regards to the Pound Sterling, yesterday was marked by a depreciation of this currency against the Euro. The positive sentiment around the coronavirus was revealed in a renewed optimism for the European currency.
Crude, on the other hand, also had a mixed day where Asian economic stimulus managed to alleviate fears surrounding the coronavirus. It was then possible to observe a 0.1% appreciation in the price of a barrel.
Gold, in turn, was supported by greater confidence on the part of investors, and was seen to depreciate by 0.16%.
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