Frankfurt – 29/04/20 Buy the hype!? This afternoon, Remdesivir was once again the magic word at the global places of illusion – also called stock exchanges… New hopes that the drug from the US biotech company Gilead could bring a breakthrough against the common virus caused a lot of hype and fantasy in the afternoon. Many indices gained considerable momentum …
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Frankfurt 28/04/20 Bad news is good news Despite the dim economic outlook, the announcement of further easing from the shutdown is encouraging many investors. On top of this comes the hope of more and more money injections from the government and the expectation of further supporting measures from the central banks in Europe and the USA, which are meeting this …
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Frankfurt – 27/04/20 Open up! Optimism prevailed on the international stock exchanges today. After weeks of stagnation, some countries are cautiously and gradually easing their restrictions in everyday and economic life. For example, more children will soon be able to go back to school or daycare, citizens will be able to do more outdoor sports or visit other people, and …
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Frankfurt – 23/04/20 Lifeboats EU heads of state and government met for a video summit this Thursday. A 540 billion euro aid package was adopted. German Chancellor Angela Merkel remarked that Germany must prepare for a higher EU contribution. She stuck to her rejection of a communalization of debts, so-called Euro- or Corona bonds. Specifically, the EU Commission is to …
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Frankfurt – 22/04/20 Magic pot of money After the slide of the previous day, the markets in Europe and the USA have recovered today. The stock exchanges in the Far East, however, showed different signs. The corona crisis is far from under control, and the global oil market has effectively collapsed – but all this does not challenge investors when …
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Frankfurt – 21/04/20 “Sell everything!” is back on After the historic collapse of the oil price the day before, today, the global financial markets consequently took a hit, and heavy losses were hailing. But not only equities were sold off fast and furious once again but also commodities and typical safe havens such as gold with the US Dollar being …
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Frankfurt – 20/04/20 Oil Price Massacre Because of the current crisis, the price of US crude oil has fallen to a historic low. For the first time since the start of futures trading in 1983, the price of a contract providing for physical oil delivery in May was in negative territory – in the meantime at USD -54.88 per barrel …
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Frankfurt – 17/04/2020 Magic Pill for the Markets(?) There is a new ray of hope in the fight against the coronavirus: A drug tested in the USA on patients suffering from the disease has produced encouraging results. Investors are therefore taking courage before the weekend and pushed equities higher. A report in a medical journal has raised vague hopes that …
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Frankfurt – 16/04/20 Another slap in the face After the prospect of an easing of coronavirus restrictions in Germany and several other European countries initially boosted share prices, devastating economic data from the USA later caused new fears. Investors are now eagerly awaiting the new guidelines announced by US President Donald Trump, with which he wants to herald a return …
from Engine Forex https://engineforex.com/markets-update-thursday-16-04-2020-another-slap-in-the-face/
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Frankfurt – 15/04/20 Away from fantasy into factual reality After Donald Trump smashed the WHO on late Tuesday, blaming them of taking China’s word for the fact when the corona crisis kicked off and saying that the USA will halt their contributions to the WHO in turn, the markets started to turn sour already. This harsh criticism put the fear …
from Engine Forex https://engineforex.com/markets-update-wednesday-15-04-2020-away-from-fantasy-into-factual-reality/
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