Daily Market News: Markets dragged higher by energy names despite shocking unemployment figures LeapRate

April 03, 2020 BY Valentina Kirilova

Daily Market News: Markets dragged higher by energy names despite shocking unemployment figures

UK Banks in the spotlight for dragging heels on small business help It was a mixed but relatively flat day for London-listed stocks, with banks again back in the spotlight over concerns that they have been sluggish in issuing emergency business loans to customers under a government scheme launched last week. Late on Thursday, post-market…

April 02, 2020 BY Valentina Kirilova

Daily market commentary: China surprises oil markets with its decision to pile up crude oil stocks

EUROPEAN SHARES Early declines on European stocks erased the advance registered during pre-market trading with uncertainty reigning everywhere this morning. Despite a new stimulus plan announced by Beijing overnight, investor sentiment continues to be dominated by the recent disappointing developments in the struggle to stem the spread of the coronavirus. The death toll continues to…

March 31, 2020 BY Valentina Kirilova

Daily Market News: Stocks rally but still set to post worst quarter since dot com crash

Health names soar in Monday rally All three of the major US stock indices finished more than 3% up on Monday, with healthcare the best performing of the 11 sectors in the S&P 500. The sector gained 4.7%, driven by the healthcare technology and pharmaceutical sub-sectors, which gained 7.1% and 5.8% respectively. Hospital firm Universal…

March 30, 2020 BY Valentina Kirilova

Daily market commentary: The pound is recording losses

OIL The weakness of stock markets is adding further bearish pressure on the oil price, with the WTI benchmark again approaching the psychological threshold of $20. Markets are now betting that the crisis could be relatively long, and the barrel is the perfect asset to be shorted by traders. From a technical point of view,…

March 27, 2020 BY Valentina Kirilova

Daily Market News: Winning streak ends as US tops total case numbers

S&P 500: +6.2% Thursday, -18.6% YTD Dow Jones Industrial Average: +6.4% Thursday, -21% YTD Nasdaq Composite: +5.6% Thursday, -13.1% YTD FTSE climbs as government tacks on support for the self-employed Both the FTSE 100 and the FTSE 250 climbed higher on Thursday, although both still remain in a bear market. Yesterday, Chancellor Rishi Sunak added…

March 18, 2020 BY Valentina Kirilova

Daily Market News: Market gives back all its gains from St Patrick’s Day rally

News broke yesterday that President Trump’s administration is seeking a trillion-dollar stimulus package that could include sending Americans $1,000 checks in the coming weeks. Following this, 10-year US Treasury yields climbed back above 1%, having been below half that rate earlier in the month. Treasury Secretary Steven Mnuchin reportedly warned Republican senators that without action…

March 16, 2020 BY Valentina Kirilova

Daily market commentary: European shares tumble, alongside Asian markets

ActivTrades’ Market Analysts prepared their daily commentary on traditional markets for March 16, 2020. This is not a trading advice. See details below: GOLD The gold price jumped up to $1,570 on today’s open, far higher than Friday’s close, before returning to $1,535. Despite the huge liquidity that the Federal Reserve is splashing into markets,…

March 12, 2020 BY Valentina Kirilova

Daily market commentary: Another day of gains for the Swiss franc and the Japanese yen

ActivTrades’ Market Analysts prepared their daily commentary on traditional markets for March 12, 2020. This is not a trading advice. See details below: FOREX It looks like Thursday will be another day of gains for the Swiss franc and the Japanese yen, as investors seek the refuge of the two safe haven currencies. Last night’s…

March 10, 2020 BY Valentina Kirilova

Daily market commentary: The dollar bounces back

ActivTrades’ Market Analysts prepared their daily commentary on traditional markets for March 10, 2020. This is not a trading advice. See details below: FOREX The dollar bounced back against other major currencies following political statements from the White House that showed a willingness to act, through concerted economic policies, to mitigate the fallout from the…

March 09, 2020 BY Valentina Kirilova

Daily Market News: Oil sees biggest on day price drop since Gulf War sending panic through markets

Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for March 9, 2020. US stock futures hit their daily down limit of 5% and shares in Asia dived as the first shots were fired in an all-out global oil price war and waves of negative coronavirus news…

Tag: Daily Market News