In a day of chaos in oil markets, weak global demand and rapidly filling storage led to a slump in oil prices.
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Markets ended the week on an upbeat note as investors saw advanced economies being past the peak of new coronavirus deaths and focused on the release of government guidelines for easing lockdown measures.
In yesterday’s session, investors traded cautiously amid more recession-like data releases.
Financial markets experienced yesterday another risk-off session in which stock indices declined across the board and yields on safe sovereign bonds edged down.
In yesterday’s session, risk sentiment improved as investors showed lower pessimism over the outlook of the covid-19 pandemic.
Last Thursday, investors traded with moderate optimism amid the announcement of new policy measures.
U.S. stocks climbed on optimism for another round of stimulus while euro area stocks were mixed after EU finance ministers failed to agree on an economic package to respond to the pandemic
Market sentiment continued to recover amid investor hopes that the coronavirus outbreak might be decelerating.
In the first session of the week, investor sentiment found support on signs of decelerating COVID-19 infections and deaths in the major European economies.
On Friday, global stocks declined amid economic releases showing the impact of the COVID-19.
In the last session of the week, renewed concern over the coronavirus overshadowed positive economic data releases and markets retreated, reversing the gains recorded earlier in the week.
Markets traded with caution ahead of the Fed's meeting and as investors continued to show concern over the coronavirus.
Markets suffered another risk-off session amid concerns on the impact of the coronavirus outbreak and news of production delays and closing stores.
Financial markets ended the week with another risk-off session as investors continued to consider the potential damage that coronavirus may have on the economy.
Investor sentiment improved in the first session of the week boosted by better-than-expected business sentiment indicators in advanced economies and a stabilization of investor's concerns over the coronavirus impact on the economy.
Yesterday investor sentiment continued to recover from previous session’s sell-off mood.
In yesterday's session, investor sentiment continued to recover for the year-lows, supported by positive economic releases and waning fears of the financial fallout from a virus out of China.
Yesterday China announced that it would halve tariffs on $75 billion of U.S. products as agreed in the trade deal's Phase one.
Investors traded with moderate optimism in a session in which U.S. markets were closed due to President's Holiday.
In the last session of the week, investors traded cautiously amid mixed economic data releases. In this context, stock indices edged down modestly in most euro area countries and rose mildly in the U.S.