Volatility is still relevant

walidchabir (48)in #financial • 5 years ago

Futures move towards higher opening on Wall Street

Following a volatile divestment yesterday in which the DJ30, the SPX500 and the NSDQ100 gave up previous gains to end with moderate losses, this morning the American index futures are moving towards a opening upward. Some analysts attribute the volatility to a conflict between the hope that the markets will recover after the impact of the coronavirus and the fear that it will continue during the second quarter. To keep up with the latest information on the global impact of the pandemic.

SPX500 | SPX500

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2,681.75 36.48 (1.38%)

56% sale

Headlines: International markets mainly down

Cryptocurrencies continue to progress: after posting significant gains in the previous session, the cryptocurrency market has remained green for the past 24 hours. At the time of this writing, Bitcoin was up slightly, staying above the $ 7,300 threshold and Bitcoin Cash took the lead in the top 5 with earnings above 7%.

Oil continues to progress: black gold continued its positive trajectory this morning, continuing to post gains pending the OPEC + meeting scheduled for tomorrow. Traders are hoping for the announcement of a production reduction agreement from Saudi Arabia and Russia tomorrow which could bring stability to the oil market.

The Asian markets are mixed: while the JPN225 index continued to post gains at the time of writing, the China50 and HKG50 indices were in the red this morning.

Asos does a good job after the share offering: British online clothing giant Asos announced yesterday that it will raise nearly $ 300 million from shareholders to try to combat the negative effects of the coronavirus. Following the announcement, the Asos share jumped more than 30%. To follow the most recent and significant market fluctuations, please visit the Market Movers page on eToro.

Tesla will cut wages and put employees on leave: The electric carmaker must adjust to the coronavirus pandemic and has announced several measures to cut costs, including cuts to employee wages and forced leave.

Australia announced aid measures against coronavirus: while the S&P rating agency downgraded the country's credit rating, the Australian government announced an additional Australian $ 130 billion (about US $ 80 million) to counteract some of the negative economic impacts of the COVID-19 pandemic.

European markets are opening to the downside: the UK100 opened on a fall of 60 points, the GER30 fell by 102 points and the FRA40 by 57 points.

BCH
BCH | Bitcoin Cash

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