CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Morning wrap

08:31 27 March 2020
  • US indices surged yesterday as optimism over the stimulus package persisted. S&P 500 gained 6.24%, Dow Jones added 6.38% and Nasdaq jumped 5.6%. S&P 500 jumped around 20% this week.

  • Moods in Asia-Pacific region are upbeat as well. Nikkei closed 3.88% higher. Kospi gains 1.3% while Shanghai Composite gains 0.8%. On the other hand, S&P/ASX 200 dropped 5.3%.

  • Number of confirmed coronavirus cases jumped above 0.5 million with the death toll rising to 24 thousand. Number of cases in the United States surpassed the number of cases in China or Italy.

  • Donald Trump spoke with Xi Jinping over the phone. The two leaders agreed to cooperate on the virus pandemic

  • Chinese industrial profits dropped 38.3% YoY in January-February 2020.

  • Schedule for EU-UK talks has been abandoned

  • European leaders could not agree on details of ESM support

  • Trump said that some parts of the country could be reopened, including farm belt and some parts of the Midwest

  • United States moved forward with plans to limit supply of chips made by US tools to Huawei Technologies

  • Silver and platinum gain while gold trades flat. Industrial metals and crude oil trade higher.

  • AUD, GBP and JPY are top moving majors this morning while the US dollar continues to weaken

Over half a million people around the World have been already infected with novel coronavirus. According to official figures, the United States are now the country with the biggest number of infections. Source: worldometers, XTB Research

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.

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