• Another volatile session in Europe
• Coronavirus infections continue to rise
US indices are trading higher after a hesitant opening as US lawmakers agreed on a huge $2 trillion fiscal stimulus package to support the US economy amid the coronavirus crisis, helping to further ease the dollar funding stress. Accordingly to Reuters U.S. Senate Majority Leader Mitch McConnell advised that Senate will move to pass a massive stimulus plan in a bid to mitigate the impact of the ongoing outbreak. The package includes a $500 billion fund to help hard-hit industries, $350 billion for small-business loans, $250 billion for expanded unemployment aid and at least $100 billion for hospitals and related health systems.
Today gold prices fell 1.6%, for the first time in four sessions, due to continuous spread and coronavirus around the globe and liquidity concerns.
This content has been created by X-Trade Brokers Dom Maklerski S.A. This service is provided by X-Trade Brokers Dom Maklerski S.A. (X-Trade Brokers Brokerage House joint-stock company), with its registered office in Warsaw, at Ogrodowa 58, 00-876 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. X-Trade Brokers Dom Maklerski S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.