7:30 AM · 26 May 2020

US500 soars past 3000 points

US holiday didn’t stop markets from rallying as futures around the globe were pushing higher on Monday and in the Asian trade on Tuesday. As a result US500 broke the 3000 level, up 38% from the pandemic low just 2 months ago! This is also the first time US500 trades above 3000 since 6 March. Even sharper gains are seen on the DE30 that trades above 11500 points, up stunning 45% from the March low. While the second quarter is bound to see a deep GDP contraction across the globe, investors hope that reopening will be swift and extremely aggressive monetary policy encourages investments in assets like stocks.

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