President Trump revised his decision of approving no stimulus package until after the presidential election
After halting the talks regarding a new stimulus package, President #Trump announced that he would approve several smaller but targeted #stimuli packages. The focus was on the one meant for airlines. After the news, USA30 rose 1.91%, while USA500 went up 1.7%. TECH100 gained 1.88%.
Gold lost 1% to $1,889.70 per ounce.
Asia and Australia
The benchmarks ended mostly higher; investor hope being driven by President Trump’s proposals of new fiscal stimuli. HongKong45 rose 0.47%.
Japan225 dropped 0.33%.
Down under, Australia200 was up 0.87% after the new government’s budget was released. It contains billions of dollars in domestic tax cuts and spending initiatives.
USD/JPY was up 0.24% to 105.88.
The markets were mixed after ECB President Christine Lagarde’s speech. She warned about the possibility that the long-touted V-shaped recovery won’t happen. Europe50 lost 0.12%. Germany30 gained 0.17%, while France40 climbed 0.4%.
EUR/USD was up 0.32% to 1.1771.
Sources: investing.com, marketwatch.com
This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation or the particular needs of any recipient.
You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.
This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent. Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of za.capex.com
JME Financial Services (Pty) Ltd trading as ZA.CAPEX.COM acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via ZA.CAPEX.COM, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15. Magnasale Trading Ltd is the principal to the CFD purchased by investors.