Please try another search
Investors are shrugging off the pessimism and willing to focus on more positive things. Germany has drawn a plan to ease off the lockdown restrictions and traders are optimistic about this development.
Having said this, European markets aren’t trading higher with bigger margins, we are only seeing some small gains, and it is likely that as the trading resumes, these small gains may disappear because of the selling pressure on the energy sector.
The US markets were under the influence of earnings season yesterday, and that drove the markets lower. Inferior oil prices didn’t help market sentiment. However, investors are looking beyond this, and they are hoping for a better future given the fact that major countries such as China have already hit their peak in the Coronavirus crisis. Also, there were no signs of major chaos after the lockdown restrictions eased off in countries such as Austria and Denmark.
Over in the U.K., it is expected that the lockdown will be extended today. The pressure is increasing on the government with respect to its exit strategy out of the lockdown. The reality is that the UK’s chief scientist isn’t sure if the UK has reached its Coronavirus peak, and there is still a steady rise in the death toll: 12K people have become victims of this virus.
On the other hand, Donald Trump, the US president, continues to believe that the US has seen its peak and he is expected to announce the guidelines to relax the lockdown measures today. The risk of opening the economy without any appropriate measures in place, or before the country has seen its peak, is far greater. The reason is that it increases the odds of another lockdown if the situation worsens, and the economic impact of that would be far greater as compared to the economic benefits of opening the economy now.
By now, everybody on the planet knows that "higher for longer" remains the Fed's primary battle cry. We also know that Jay Powell's merry band of central bankers will be "data...
Gold Holds Steady On US Rate Cut Expectations and Middle East TensionsGold (XAU) traded bullish on Monday and gained 0.92%, supported by expectations that the US Federal Reserve...
US labor market cools more than expectedDollar slides as two rate cuts this year become more likelyYen retreats as intervention momentum fadesWall Street cheers prospect of lower...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.