Friday dampened the gains of the whole week. Fears surrounding the coronavirus returned to haunt the markets and the falls in the stock exchanges happened again.
In the American stock market, it was possible to observe a fall in the main exchanges with the Dow Jones falling by 4.06%, the S&P 500 devaluing by 3.37% and the Nasdaq decreasing by 3.79%. The European benchmark index - Stoxx 600 - fell by 3.3% on Friday.
In the debt market, the day was relatively mixed and the main yields ended up closing the day, thus reflecting a greater demand for this type of safer assets.
The Euro experienced mixed behavior throughout the day, with the Dollar also gaining value during the first half of the day and consequently depreciating in the second half.
With regard to the price of crude, the trend was downward with low demand and an expected increase in supply from Russia and Saudi Arabia still waiting to happen.
Gold has been consolidating at around $ 1600 an ounce and has not found a definite trend.
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.
© 2011-2021 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.