2.03 - what are the markets up to today?
So, as the new week begins, has the situation improved? Well, the virus is still spreading around the world. There is still fear and panic that it is going to turn into a pandemic and the markets are still suffering because of this. But the situation seems to be much better than it was in the end of last week. After all, some steps ARE being taken to stabilize the markets.
For example, Asian segment of the market today is looking much better than it did just two days ago. It all comes from the market makers hoping that Central Banks and the strongest economics are going to finally find a way to stimulate the markets and not let them fall.
One segment that we do not see recover in hopes that coronavirus is going to step down is American stock market. There most of the major names are still losing price because of fears that China being shut down is going to mess with their output and with their production line. Surely in our world investors are not going to put up with issues like that and in order for us to see recovery they have to come up with some way to stimulate our interest.
Precious metals are still growing, showing us that safe havens are still safe and ready to accept us. Oil started to grow once again. Both of the crudes finished last week on the note lowest than we have seen in 2 years. But it seems that this pit was temporary as today already we are seeing recovery for both of the oils.
Here are the shifts for today:
Topix grew 1 percent.
Kospi added 1.1 percent.
Shanghai Composite advanced 3 percent.
Hang Seng from Hong Kong increased 0.8 percent.
S&P 500 futures grew 0.5 percent.
Euro added 0.05 percent - $1.1048.
Pound added 0.4 percent - $1.2823.
Yen lost 0.6 percent – 108.09 per dollar.
Canadian dollar lost 0.2 percent - $1.3346.
Tesla decreased 1.6 percent - $667.99.
Apple dropped by 0.1 percent - $273.36.
Facebook recovered 1.4 percent – $192.47.
Amazon nudged a little bit lower – $1883.5 per share.
Google advanced 1.85 percent - $1339.75.
WTI grew 1.7 percent - $46.02 per barrel.
Brent recovered 2.2 percent - $51.22 per barrel.
Gold increased 1 percent - $1601.62 per ounce.
Silver grew 1.9 percent - $16.98 per ounce.
Platinum increased 2.2 percent – $880.35.
Palladium added 1.5 percent - $2644.6 per ounce.