Market Overview

23 April 2020

A positive day in a period of uncertainty

Yesterday was marked by a greater feeling of appetite for risk. Both the new stimulus package approved by the US Senate and the recovery in the price of the barrel price, led to this greater confidence on the part of investors.

Equity markets appreciated in the United States, with the Dow Jones growing 1.99%, the S&P 500 growing 2.29% and the technological Nasdaq rose 2.81%. In Europe, its benchmark index - Stoxx 600 - closed in green with 1.8% more.

The American currency appreciated during the day yesterday, benefiting from being a vehicle currency in the markets.

Crude oil, on the other hand, recovered considerably yesterday after the crash that was observed two days ago, having increased by around 25%.

Gold, in turn, has continued its upward trend. Regardless of the inconsistency of the correlations that can be observed, the "yellow metal" has been growing due to the general uncertainty of the moment.

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Frederico Aragao Morais
Market Focus
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