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Market Overview
It's All About the News
Once again, signs of a slowdown in the spread of the coronavirus marked the market sentiment yesterday with an appetite for risk. At the end of the day, uncertainty regarding the possible cut in supply by OPEC + led to an inversion of the main stock indexes.
In the United States, the major stock exchanges closed the day in the red with the Dow Jones index losing 0.12%, the S&P 500 index falling by 0.16% and the Nasdaq index falling by 0.33%. The Stoxx 600 - the European benchmark index - also gained 1.88%.
In the debt market, there was a drop in demand for most of the day. Yields ended up appreciating despite being more sought after at the end of the day.
The US Dollar varied depending on appetite. In the first half of the day, with a feeling of greater appetite for risk, a fall in the value of the currency was observed. A reversal of this trend was observed at the end of day as a greater aversion to risk was seen. The Euro was pressured by the inconclusive Eurogroup meeting.
The price of a barrel of crude oil ended up falling substantially yesterday, having been marked by uncertainty around the OPEC + meeting.
The "yellow metal" still lacks a well-defined trend, on a day that turned out to be a mixed feeling.
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