20.03 - markets are feeling much better today
At the end of the week the markets and traders decided to take a little breather and this somehow managed to elevate the situation in the world. Surely, this didn’t make the virus go away but we still can see some recovery in the Asian segment and not only there. Pound managed to recover against the greenback, American stocks are finally growing. Today is a good day, if I may say so.
Of course, markets wouldn’t be markets if we didn’t see some losses today. Euro is still spiraling lower and lower. Yen is falling too. Oil is still in the red zone with trading for Brent being closed for the day – such was the impact of yesterday’s fall.
As I have already said, American stocks are having a good day. Wall Street opened on the highest note in the recent weeks and that might just be the sign that we need. If American economy strong enough to carry us through this crisis and to bounce back after it? Well, we hope so. After all, if the strongest economy in the world is not going to be able to withstand the pressure from the present situation, no economy will.
Precious metals are growing after yesterday’s poor performance. Gold is feeling pretty good even despite the fact that USD is growing. Safe havens are in such a high demand at the moment that it seems that the rivalry between the USD and gold is paused.
We hope that the recovery is going to last.
Here are the major shifts for today:
Topix added 1 percent.
Kospi recovered 7.4 percent.
Shanghai Composite added 1.6 percent.
Hang Seng from Hong Kong advanced 5.05 percent.
S&P 500 futures grew 1.2 percent.
Euro dropped 0.7 percent - $1.0718.
Pound advanced 1.8 percent - $1.1875.
Yen decreased 0.95 percent – 110.78 per dollar.
Canadian dollar increased 1.7 percent - $1.4272.
Tesla recovered 8.5 percent - $463.89.
Apple is by 2.2 percent heavier- $249.9.
Facebook grew 2.9 percent – $157.35.
Amazon increased 1.4 percent – $1907.98 per share.
Google is by 0.6 percent higher - $1118.1.
WTI lost 10.6 percent - $24.79 per barrel.
Brent lost 12.15 percent - $25.3 per barrel – no changes since yesterday.
Gold grew 1.6 percent - $1494.65 per ounce.
Silver added 4.6 - $12.63 per ounce.
Platinum grew 6.1 percent – $624.5.
Palladium advanced 0.6 percent - $1656 per ounce.