Trump’s Pledge to Cut Taxes Eases Pressure on the Dollar
Asian and European stock markets rebounded today while bond yields receded from record lows. This could be attributed to policymakers increasing concessions to markets by offering more and more stimulus packages – adding evidence to the theory of a coordinated global response to coronavirus shock.
Chart of the Day USTEC (Nasdaq 100)
Chart of the Day USTEC (Nasdaq 100) USTEC (Nasdaq 100) Symmetry Swing Support Global risk appetite tumbled further yesterday amid the weight of the Covid-19 spread and the oil price shock, with S&P500 triggering circuit breakers for the first time since 1997 and finally closing down 7.6%. The market rout prompted the Fed to boost […]
Daily Market Outlook, March 10, 2020
Daily Market Outlook, March 10, 2020 Sharp market falls again yesterday, the US benchmark market dipped more than 7% DOD on Monday, inching nearer to bear market territory as oil prices crashed and coronavirus fear engrossed markets, leading traders to flee stocks collectively and piled into safe havens assets. The VIX Index (+29%), a key […]
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