Market Overview

27 February 2020

Without Any News, Feelings are Mixed

Yesterday there continued to be a sense of expectation around news about the coronavirus. The behaviour of the markets throughout the day was mixed, with a greater appetite for risk being observed in the first half of the day, while greater aversion was identified later on.

In particular, equity markets ended up having a mixed day. On the other side of the Atlantic, the S&P 500 lost 0.38% while the Nasdaq appreciated by 0.17%. Moreover, the Stoxx 600 - which is the index that includes the 600 largest listed companies in Europe - dropped by 1,82%.

In the debt market, it was possible to observe an increase in debt interest rates in the main countries of the Eurozone.

Although there is a rising fear about the spread of the coronavirus in Europe, the European currency has benefited from the withdrawal of investors from the US equity market. As a result, the Euro appreciated by 0.08% yesterday.

Crude oil continues to fall, having recorded a fourth consecutive decline. Although crude inventories have not increased as much as expected, it is likely that there will be a more significant decrease in demand in the near future. Therefore, it was possible to observe a drop of 1.18% in the price of the barrel yesterday.

With regards to gold, the day was mixed despite the fact that it rose by 0.4%.


Disclaimer:

Analysis and opinions provided herein are intended solely for informational and educational purposes and don't represent a recommendation or investment advice by TeleTrade. Indiscriminate reliance on illustrative or informational materials may lead to losses.

Frederico Aragao Morais
Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.

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