EURGBP retreat today after yesterday's sharp gains as markets surprised positively after a bigger than expected increase to the PEPP from the ECB. The ECB added an extra 600 billion to its Pandemic Emergency Purchase Program
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Is Lloyds share price a buy as its rally accelerates?
Lloyds share price has been on an upward momentum in the past one month. The stock is up by more than 10% and has outperformed HSBC, whose share price has jumped by just 2%. Barclays, on the other hand has been on a tear, rising by more than 22%. So, [...]
FTSE 100 Breaks Above the 10-Day SMA, Lloyds Shines
FTSE 100 resumes the upward trend after yesterday’s losses as investors sentiment boosted on hopes for a fast recovery of the economies around the globe. On the economic data, earlier today reported that the UK Halifax House Prices came in at -0.2%, beating the expectations of -0.7% in May. The [...]
Here’s why automakers in the DAX index are bouncing back today
The DAX index rallied by almost 2% today as the market continued to react to the ECB interest rate decision. In this, the bank left interest rates unchanged and decided to add €600 billion into its original €750 billion program. This stimulus, together with the Merkel-led fiscal stimulus will help German stocks in the near term.
Hang Seng: Real estate shares lead as Hong Kong tycoons embrace security law
The Hang Seng index attempted to pare back some of the losses it encountered yesterday. The index is up by more than a percentage point but is still below the yesterday’s open of $24,659. The real estate sector is the best-performing category in the index. Indeed, 7 of the ten [...]
Market Brief: Asian Stocks Rebound From Early Losses, AUDUSD Close to Yearly Highs
Asian stocks trading on positive foot recovering from early losses on profit taking ahead of NFP report later on the day. Asian markets rallied during the week on recovery hopes after the coronavirus crisis.
Gold Price Hovers At Neckline Resistance Ahead of US NFP. Here are the Levels to Watch Out For.
ASX 200 cruises past $6,000 as NAB and Westpac share price fly
The ASX 200 made a major milestone today. The index moved above the important psychological level of $6,000 as investors reacted to the positive emergence of the economy. By gaining about 40 basis points, the index outperformed its New Zealand counterpart. Shares in the big four banks rose sharply after UBS issues an upgrade on two.
Nikkei 225 crawls higher as analysts question the $1 trillion stimulus
The Nikkei 225 index crawled back today as investors continued to focus on the global recovery. The index rose to more than ¥22,790, with most constituent companies being in the green. Other indices in the region like Hang Seng, Shanghai Composite, and China A50 were in the green. Japan household [...]
Can the NFP Report Help EURUSD Extend its Seven-Day Winning Streak?
Q2 Global Market Outlook
Published: April 1, 2020 | Authors: Alejandro Zambrano, Martin Lam, and Cameron Bowen.
GLOBAL MARKET OUTLOOK Q2, 2020
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