Market Overview

27 March 2020

Another applause for the stimulus measures

Yesterday was marked by an aversion to risk earlier in the day, which ended up reversing itself. The approval of the budget package was stronger than the huge increase in the number of applications for unemployment benefits in the United States. Also, on the European side, the ECB's decision to stop applying the 33% self-limit to the purchase of government bonds was welcomed by investors.

On the European side, it was possible to observe the Stoxx 600 appreciating 2.55% while on the American side the Dow Jones grew 6.38%, the S&P 500 rose 6.24% and the Nasdaq also closed in green with 5.60%.

In the debt market, the trend was for yields to decline until part of the day, however this ended up being reversed with the bad news regarding the increase in unemployment benefit applications.

The price of a barrel of crude oil has fallen all day long, with a view to falling demand and the corresponding increase in supply.

Gold was also on the rise, reflecting the increase in demand from those investors who, in the days of greater appetite for risk, were "forced" to sell this metal.


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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.42% 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.