Financial markets daily

Last session market review

Crude oil prices fell again as Asian markets opened on Monday, with WTI crude futures now trading below $16 a barrel, the lowest since April 1999, down 12.48 percent on the day.

Fx: Eur/USD 1.0876; The pound closed at 1.2499; The Australian dollar closed at 0.6364; The dollar closed at 107.52 yen; Us dollar/Canadian dollar closed at 1.3998; The dollar was last at 0.9671 Swiss francs.

Commodities: spot gold closed at $1,684.19 an ounce; Comex gold ended at $1698.80 an ounce; Spot silver settled at $15.16 an ounce; Comex silver closed at $15.295 an ounce; Brent crude settled at $28.08 a barrel; NYMEX crude settled at $18.27 a barrel.

In the currency market

Euro: the euro rose for the first time in three days against the dollar, gaining 0.4 percent to 1.0876. On the technical surface, the initial resistance of the exchange rate upward is 1.0995, further resistance is 1.1100, the key resistance is 1.1150; The initial support of the exchange rate down at 1.0815, further support at 1.0760, more critical support at 1.0640.

Sterling: The pound rose for the first time in three days to close at 1.2499, up 0.34%. On the technical surface, the initial resistance to the upward trend of the exchange rate is 1.2645, further resistance is 1.2730, the key resistance is 1.2850; The initial support of the exchange rate down at 1.2400, further support at 1.2250, more critical support at 1.2165.

Yen: the dollar fell for the first time in three days to close at 107.52, down 0.35 percent. On the technical surface, the initial resistance to the upward trend of the exchange rate is at 108.28, further resistance at 108.64, the key resistance at 109.20; The initial support of the falling exchange rate is at 107.37, further support at 106.81, more critical support at 106.45.

The stock market

Stocks in Europe and the US: by Friday’s close, major indexes were up more than 25% from their late-march lows. The dow jones industrial average rose 704.81 points, or 3%, to 24,242.49, its first close above 24,000 since March 10. The s&p 500 closed up 2.7% at 2,874.56, up more than 30% from its intraday low on March 23. Friday’s rally gave the s&p 500 its first weekly gain since early February and a break above its 50-day moving average, leaving it up 3 percent for the week. The NASDAQ composite index rose 1.4% to 8,650.14, up 6.1% so far this week.

There are reports that Remdesivir, developed by Gilead Sciences, has shown initial efficacy in treating COVID-19, confirmed by housing and urban development secretary Ben Carson. London (Marketwatch) – European stocks ended higher on Friday, with most sectors and major indexes closing higher. The pan-European Stoxx 600 index closed up 2.4 percent, led by travel and leisure stocks, which surged more than 6 percent. Germany’s DAX closed up 316.96 points, or 3.08%, at 10,618.50. The FTSE 100 closed up 154.65 points, or 2.75 percent, at 5,783.08. France’s CAC-40 index closed up 148.85 points, or 3.42%, at 4,499.01. Spain’s IBEX35 index closed up 118.60 points, or 1.75%, at 6,882.00. Italy’s FTSE closed up 266.36 points, or 1.59 percent, at 17034.50. Europe’s Stoxx 50 index closed up 72.10 points, or 2.56%, at 2884.45.

The bond market

Us Treasury yields moved higher. The yield on the benchmark 10-year Treasury note rose 4 basis points to 0.64 per cent, while the yield on the 30-year note also rose 4 basis points to 1.24 per cent.

Commodity markets

International spot gold Friday morning opened at $1,716.36 an ounce, rose as high as $1,718.20 an ounce, and dipped as low as $1,678.75 an ounce to close at $1,684.19, down $33.41, or 1.95 percent, and down $4.71, or 0.28 percent, for the week. Gold is down more than $60 from a 7 1/2-year peak of $1,746.40 an ounce earlier this week as it rallied on fears of the worst recession in decades.

COMEX gold futures for June ended down $32.9, the third straight day of losses, at $1698.80 an ounce.

Pessimistic forecast and the demands of the trading company of storage oil soon concerned, combined with Opec + historic cuts are not sufficient to overcome the new epidemic cause signs of weak demand, oil prices on Friday (April 17) closed at their lowest level since 2002, the American WTI crude oil futures fell $1.60 in May, or 8.05%, closing at $18.27 a barrel, hitting a low of nearly 19 years. WTI crude is down 20% this week; Brent crude for June delivery rose 26 cents, or 0.93 percent, to $28.08 a barrel. Brent is down 9 percent this week, 48 percent last month and 61 percent in the first quarter.

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