Yesterday the markets were marked by a mixed feeling that lasted throughout the day. After the markets entered a "bear market" two days ago, yesterday they started to evolve towards a recovery. However, in Europe fears about the impact of the coronavirus have returned as a result of the lack of economic stimulus. In the United States, the upward trend continued throughout the day.
In the stock markets in particular, what was observed was a reduction in the value of the main indices. In the Eurozone, the Stoxx 600 - the European benchmark index - went down by 1.14% after gaining more than 4%. On the other side of the Atlantic, the Dow Jones rose by 4.89% while the Nasdaq appreciated by 4.45% and the S&P 500 increased by 4.94%.
In the debt market, sovereign debt interest rates rose in all European countries. After a day of greater demand for these safer assets, yesterday there was a departure from them. The same has also happened in the United States.
When it comes to the Eurozone currency, its value depreciated while there was a greater demand for Dollars during a great part of the day.
Oil, in turn, recovered after the biggest drop since 1991. After Saudi Arabia revealed that it would increase its production by more than 25%, Russia said it would also play the same game and it would therefore also rise its production. On the American side, the opposite is true and it is thought that there is an effort to reduce supply in order to mitigate the fall in prices. Yesterday, despite everything, there was an appreciation of crude oil.
Gold, on a normal day of risk appetite, depreciated by 1.39%.
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.
Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.
© 2011-2022 Teletrade-DJ International Consulting Ltd
Teletrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.
The company operates in accordance with the Markets in Financial Instruments Directive (MiFID).
The content on this website is for information purposes only. All the services and information provided have been obtained from sources deemed to be reliable. Teletrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.
TeleTrade cooperates exclusively with regulated financial institutions for the safekeeping of clients' funds. Please see the entire list of banks and payment service providers entrusted with the handling of clients' funds.
Teletrade-DJ International Consulting Ltd currently provides its services on a cross-border basis, within EEA states (except Belgium) under the MiFID passporting regime, and in selected 3rd countries. TeleTrade does not provide its services to residents or nationals of the USA.