Yesterday was marked by a reduction in the number of coronavirus infections as well as the news that Chinese authorities may intervene in the aviation sector in order to mitigate the negative impacts of the virus. The main interest rate of the Chinese central bank was also reduced.
On a day marked by a greater appetite for risk, we can see an appreciation of the main world exchanges. The main European index, Stoxx 600, increased by 0.83%, while the S&P 500 rose by 0.27% and the technological Nasdaq by 0.87%.
In the European debt market, a large part of interest rates fell, signaling a greater demand for more secure assets.
The European currency followed most of the day in decline and good results were seen for the United States. Positive data regarding the real estate market and the producer price index led to the appreciation of the US Dollar compared to its main currencies.
Crude oil spent most of the day on a steep climb, several factors contributed to this. The economic stimulus that came from China ended up creating confidence that demand may not fall as much as expected. Also, sanctions imposed by Trump to the Russian oil company, Rosneft, and ceasefire in Libya may affect supply in the first quarter.
Gold, on the other hand, turned out to have an atypical day, as the market sentiment had more of an appetite for risk. Metal ended yesterday's session valuing at 0.3%.
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.
© 2000-2021. All rights reserved.
This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at firstname.lastname@example.org.