- Global equity markets given up a large portion of their yesterday gains
- U.S. Cases of coronavirus Surpass 1,000
- US500 trades in the middle of the range
The number of infected cases globally neared 120,000 on Wednesday. Outside China the most serious situation is in Italy where more than 10,100 cases have been reported. US is another country where the total number of cases surpassed 1,000.
US indices fell sharply today after 5% gains on Tuesday. Yesterday gains were driven by hopes that US president would meet with the Congress to discuss major fiscal measures. However today the markets seem to be impatient about the lack of details from President Trump’s administration regarding promised fiscal stimulus. To make things worse the American presidentt refused to test for coronavirus after it was confirmed that he had contact with an infected person.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appAmerican currency declined as well due to ongoing uncertainties regarding the fiscal stimulus and coronavirus outbreak. US dollar weakened significantly against Japanese yen and New Zealand dollar.
Inflation data from the US came slightly better than market expectations.
The interest rate on the benchmark 30-year fixed-rate mortgage dropped 10bps to 3.47% and is at the record low as the coronavirus outbreak causes bond yields tumbling.
S&P500 (US500) is still trading in the consolidation area between 2904.6pts and 2722.2pts. If negative sentiment persist on the markets then the bears may try to break below the resistance level at 2722. Source:xStation5
Cloudera (CLDR.US) shares rises 9.8% in post market trading as the company’s expects higher earnings per share in 2021. Adjusted EPS 25c to 29c, estimate $0.0. Company sees first quarter revenue at $207 millions which beat the highest estimates.
Cloudera (CLDR.US) share price is testing local resistance level at $7.81. I f the positive bias remains shares might move up towards recent peaks at $12.24. The local resistance is located around $4.93 level. Source:xStation5
Share price of Vivint Solar (VSLR.US) drops rapidly after the adjusted loss for the fourth quarter was wider than expected. Companys share price fell 11% after the close of the trading session.
Vivint Solar (VSLR.US) reached strong resistance level at $9.52. If the market makes a move below this level then the price could extend the downward move towards next level of support at $7.92. Source:xStation5
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
