WTI crude oil has continued to recover from its weak sales in Russian production cost reports and is now trading above $ 37 per share. Barrel.
- Equity markets are strong and prices are advancing. USA. Market indices remain firm and bullish, with the S&P 500 index trading above the decisive 3000 level, its 200-day moving average and also its 61.8% Fibonacci peak-to-trough retracement. Many market analysts believe the bottom of this bear market has already reached, but some analysts are seeing further strong declines in stocks in the coming weeks and months. There is a strong divergence of opinion, but we see the bullish case strength dramatically that the recent market crash is over.
- The euro and the Australian dollar are the strongest major currencies, while the U.S. The dollar is the weakest. EUR / USD closed yesterday at a new 50-day high for the first time in a long time, making higher prices likely during the week. AUD / USD currency pairs continue to move on to new holidays for months.
- WTI crude oil has continued to recover from its weak sales in Russian production cost reports and is now trading above $ 37 per share. Barrel.
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- Coronavirus deaths in Latin America and the Caribbean now account for 39% of the global daily total, which has begun to decline again in recent days and well exceeds those in both U.S.A. (22%) and Europe (about 21%), showing that the pandemic episode is now in South America.
- Fight the curfew of night time, protest and civil unrest in the U.S. have continued another night. President Trump has threatened to use the armed forces to restore order, but it is not clear that this is a credible threat.
- Daily reported coronavirus deaths hit a peak at all times this weekend. Daily deaths peaked globally on April 18th and daily new confirmed cases peaked 30th Able to. Overall confirmed new cases amount to more than DKK 6.3 million. With an average death rate of 5.96%. Both the total number of new cases and deaths continues to decline daily in the U.S.A. and almost everywhere in Europe outside Russia. Goldman Sachs projected a 34% decline in the U.S. Second quarter GDP and other analysts saw a 30% unemployment rate in the near future. If correct, these will be the worst such figures seen since the 1930s, but it should be noted that many analysts continue to see a far better outlook for the U.S. unemployment. The WTO has projected global trade to fall by a third. USA. now sees a 15% unemployment rate and a decrease of 1st Q GDP or 5%. In recent weeks, several analysts have begun to predict a faster economic recovery in the U.S. than expected.
- The incidence of new coronavirus infections appears to increase most rapidly in Brazil, India, Russia, Mexico, Peru, Pakistan, Chile, Qatar and Egypt. Brazil has the second highest number of confirmed cases in any country, followed by Russia and then the U.K. Several restrictions are loosened in Europe, and despite India’s strong growth in new cases, the lockdown has also been eased there.