• European stock end the session with mixed results
• Gold prices soar to multi-year highs
European indices finished mixed at the end of another volatile session on Tuesday, after China's exports and imports figures fell much less than expected in March as factories resumed production after the authorities began to lift the lockdown restrictions. Also sentiment has improved after few countries showed signs that the outbreak may have peaked on their territories. President Emmanuel Macron announced that France would return to normal life on 11 May if the number of new infections falls by then. On the other side, accordingly to the IMF the global economy may suffer its worst recession since the Great Depression of the 1930s and shrink 3% this year.
The DAX 30 rose 1.6%, CAC 40 gained 0.5% and the IBEX 35 advance 0.5%, while the FTSE 100 lost 1% and the FTSE MIB went down 0.5%.
US indices are trading higher during today’s session as the earnings season kicked in with mixed results: quarterly earnings from JPMorgan Chase and Wells Fargo came below expectations while earnings for Johnson & Johnson beat estimates. Meanwhile, investors are still trying to assess the spread of coronavirus. As of today, nearly 591,000 confirmed cases have been reported in the US, of which over 24,500 have died. Yesterday, New York Governor said “the worst is over if we continue to be smart going forward” and accordingly to President Trump said that growth in new coronavirus infections stabilized. Dow Jones advanced 2.21%, S&P rose 2.58% and Nasdaq is trading 3.45% higher.
USDCAD is trading around critical 1.39 support level. A close below it could encourage sellers to press towards 1.37. Further close below that level may send the price even lower towards 1.35. However if the bulls manage break above the trend line then the currency pair may be heading towards 1.4289. Source: xStation5This 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.
