Today, serenity seems to resurface after a truly volatile start to the week.
US futures are trying to recover some of their losses after the worst day since 1987 and the sentiment in Asia has also been relatively positive.
In Asia, the stock was trading on the rise. Reserve Bank of Australia said at a meeting that it was “considering a monetary decision” related to the safe effects of COVID-19 on the country’s economy.
This sentiment is also being carried across Europe, where major stock indexes will start to run without loss for a long time.
In London, UKX will start 132 points above, DAX in Germany will be 90 points in green, while CAC will have 57 points gain.
Crisis measures taken in Europe remain at the forefront and will dominate the headlines. Italy and Spain remain the most affected countries in Europe, but France and Germany are also announcing a sharp rise in patients. The French president commented that the EU would close its external borders today.
Again, economic news will not provide us with much knowledge, relying on risky flows, which will show exactly how much investors believe a recession is set in the shadow of a spreading virus.
Trader Aleksandar Kumanov