The main European stock exchanges were up and reached historical highs yesterday. New economic stimulus from China, as well as many other Asian countries, could thus explain the positive feeling yesterday - in particular, a decrease in the main interest rates of various central banks are expected and, as a consequence of this, reductions in taxes may also be expected. The Stoxx 600 ended the day on a high, having risen by 0.43%.
In the debt market, the interest rates on the bonds of main European countries had a mixed behaviour throughout the day. While some remained unchanged, others rose slightly.
The European currency recovered by 0.07%, and also had a variety of behaviours yesterday. The trading volume was lower in yesterday's session as it was a public holiday in the United States.
With regards to the Pound Sterling, yesterday was marked by a depreciation of this currency against the Euro. The positive sentiment around the coronavirus was revealed in a renewed optimism for the European currency.
Crude, on the other hand, also had a mixed day where Asian economic stimulus managed to alleviate fears surrounding the coronavirus. It was then possible to observe a 0.1% appreciation in the price of a barrel.
Gold, in turn, was supported by greater confidence on the part of investors, and was seen to depreciate by 0.16%.
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.
© 2000-2022. 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.