Global stocks largely higher amid a global economic recovery - Monday Review, March 29

Global stocks largely higher amid a global economic recovery - Monday Review, March 29

Various indices closed at an all-time high despite the hedge fund blow-up

The US

Wall Street was mixed at the beginning of the week. USA30 rose 0.30%, closing at an all-time high boosted by Boeing, who received orders for its 737 Max 7 planes. USA500 lost 0.1%, and TECH100 ended down 0.60%.

Crude oil traded 1.5% lower at $60.07 per barrel.

Gold reached $1,727.25 per ounce after it fell 0.3%.

Asia and Australia

Stocks were mainly high, but investors had concerns about possible knock-on effects from a wave of block trades on Friday. Japan225 gained 0.89% after the Bank of Japan announced that it would heighten transparency and stabilize markets.

HongKong45 edged up 0.12%.

Down under, Australia200 was down 0.29% after one of the country’s largest cities announced that it would impose a three-day lockdown.

Europe

The markets were pushed by the optimism of a global economic recovery, with Germany30 trading 0.3% higher and France40 rising 0.2%. UK100 closed 0.2% lower.

Brent oil fell 1% to $63.80 a barrel.

EUR/USD traded 0.1% lower at 1.1789.

Read more about the hedge fund blow-up here!

Sources: reuters.com, investing.com

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