Global markets are pointing to a higher open this morning and Asian markets closed the trading day higher following a more positive sentiment globally towards the corona virus spread and some nations already looking into lockout exit policies. The Nasdaq supported by strength in tech bellwethers AMZN, NFLX and TSLA led the US markets higher and the NIKKEI traded higher 3.13% overnight. Earnings season and numbers from financial stocks as well as more COVID-19 news are likely to dominate the agenda near term as investors look for recession proof stocks and move away from riskier assets. Gold traded yesterday to 2020 highs and is up another 2.2% this morning, trading at $1,725 as investors look for “safety” and look away from currencies that are being all devaluated by the stimulus programs. The dollar index is at 99.23 and down 0.11% this morning as investors look into the commodities and stay away from the dollar near term. Oil was down another 1.6% yesterday, and trading at $22.73 per barrel this morning after another projected cut in US shell production, making this week cut the biggest ever, yet the global collapse in demand due to the global lockdown still means production cuts are not matching the demand contraction, of about 30%.  

G7 meetings via satellite, (all day), is the important news on the agenda Tuesday, (all times GMT). 


Global Markets 24 hours wrap-up
1 YEAR-10.33%-21.51%-17.14%-14.93%-10.02%-4.08%
Swing report

Gold is trading at 7-year highs this morning as investors flee the FX markets in favor of “safety” following the expand in global stimulus programs.

The Nasdaq supported by strength in tech bellwethers AMZN, NFLX and TSLA led the US markets higher yesterday and will be in focus for investors today following the start of earnings season in the US.

Warning: The information provided on this page (“the information”) is for instructional purposes only, for enhancing your general knowledge of the capital market in general and using trading methods and the technical analysis method in particular. We hereby clarify that the company, its management, staff, shareholders and agents do not hold investment advisor licenses and/or portfolio manager licenses by any applicable law, and do not pretend to advise any person on the worthiness of buying, selling, holding or investing in securities and other financial assets. The information should not be construed to be a recommendation or opinion, and any person who makes any decision based on the information – does so entirely at their own risk. Be aware that the information cannot serve in lieu of advice which accounts for specific information and needs of an individual, and that investing in securities and financial assets may cause loss. The company, its management, staff and agents may have a personal interest in issues related to the information, and may hold specific securities mentioned in the information, or similar securities. If you use the information, you waive any claim or demand against the company or anyone acting on its behalf.