Oil recovery boosts world markets

walidchabir (48)in #market • 4 years ago

Wall Street on the rise again following the recovery of oil

Oil prices rallied yesterday as several contracts and derivatives posted double-digit gains. The recovery in the oil market has boosted Wall Street since the DJ30 closed on an increase of 2%, while the SPX500 and the NSDQ100 both closed with gains above 2.2%. Today, futures contracts indicate a downward correction in the American markets since investors await the weekly report on unemployment figures (13:30 GMT) as well as the Flash Manufacturing Purchasing Managers index (14:45 GMT).

Featured: DPZ and JNJ reach records

Cryptocurrencies are on the rise: the cryptocurrency market has continued to fluctuate sharply in the past 24 hours since the majority of currencies were in the green at the time of writing. Bitcoin was up about 3%, trading above the $ 7,100 mark. Tezos took the lead in the top 10 with gains above 6%.

The Asian markets are mainly up: in Asia, the markets were up this morning, boosted by the recovery in oil prices and the gains observed on Wall Street. At the time of writing, the JPN225 was up over 1.5%, joined by the HKG50 and China50 indices.

Several actions reach record levels: before the publication of its income statements expected today, Dominos Pizza jumped by more than 5% yesterday reaching a new record since the company should post an increase in revenues caused by an increase in pizza deliveries during coronavirus containment. Johnson & Johnson also peaked yesterday after Bank of America updated its rating from "neutral" to "buy". To follow the latest information on the global impact of the pandemic.
Snap jumped 36%: the creator of Snapchat yesterday released its quarterly income statements, exceeding all estimates. Subsequently, the SNAP action closed on an increase of more than 36%. In order to follow the most recent and significant fluctuations on the markets.
European markets open slightly down: the UK100 fell 28 points, while the GER30 and FRA40 were almost stable at the opening.
XTZ | Tezos

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