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ECB Takes Center Stage

April 30, 2020
Overview: Equities continue to recover even as deep economic contractions are reported. Yesterday, the US said Q1 GDP contracted at an annualized pace of 4.8%, while the eurozone reported today that output fell 3.8% quarter-over-quarter in Q1.  Hong Kong and South Korea were closed, but the rest of the Asia Pacific bourses rallied strongly with se…
ECB Takes Center Stage ECB Takes Center Stage Reviewed by Marc Chandler on April 30, 2020 Rating: 5
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Heavy Dollar amid Month-End Pressure

April 29, 2020
Overview: The dollar is lower across the board as dealers attribute the selling to month-end pressures ahead of the FOMC today and ECB tomorrow and long-holiday weekend for many. Japan's Golden Week holiday has already begun. Despite the loss in US equities yesterday, despite the higher opening, it has not spilled over, as Alphabet earnings he…
Heavy Dollar amid Month-End Pressure Heavy Dollar amid Month-End Pressure Reviewed by Marc Chandler on April 29, 2020 Rating: 5
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Oil's Slides before Steadying, while Easing of Lockdowns Support Risk-Taking Oil's Slides before Steadying, while Easing of Lockdowns Support Risk-Taking Reviewed by Marc Chandler on April 28, 2020 Rating: 5
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Equities Rally and the Dollar Eases to Start the Week

April 27, 2020
Overview: Global equities are beginning the new week on an upbeat note.  All the markets in the Asia Pacific region rallied, led by more than 2% gains in the Nikkei and Taiwan.  European bourses are higher.  All the industry groups are participating and financials and consumer discretionary leading the way.  The Dow Jones Stoxx 600 has been in a 3…
Equities Rally and the Dollar Eases to Start the Week Equities Rally and the Dollar Eases to Start the Week Reviewed by Marc Chandler on April 27, 2020 Rating: 5
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Trending or Range-Bound Markets?

April 26, 2020
Last week will be remembered for the collapse of oil prices. The WTI contract for May delivery would find no buyers and the price fell to an unheard-of minus $41 a barrel. It is a bit of a fluke having to do with a physical settlement contract (as opposed to cash), and some large participants, including a popular US ETF and Chinese bank, had expos…
Trending or Range-Bound Markets? Trending or Range-Bound Markets? Reviewed by Marc Chandler on April 26, 2020 Rating: 5
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The Interesting Week Ahead

April 25, 2020
Under more normal circumstances, next week would be among the most important of the weeks of the year.  The three largest central banks in the G7 meet, namely the Federal Reserve, the European Central Bank, and the Bank of Japan.  In addition, the first estimate of the US and EMU Q1 GDP will be released.  Other economic reports, including US auto …
The Interesting Week Ahead The Interesting Week Ahead Reviewed by Marc Chandler on April 25, 2020 Rating: 5
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Markets Limp into the Weekend

April 24, 2020
Overview:  The reversal in US equities yesterday set the stage for today's losses.  All the Asia Pacific bourses fell today but Australia.  For the week, the regional index is off more than 2%.  Europe's Dow Jones Stoxx 600 was flat for the week coming into today's sessions.  It is off around 0.5% in late morning activity.  US shares a…
Markets Limp into the Weekend Markets Limp into the Weekend Reviewed by Marc Chandler on April 24, 2020 Rating: 5
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Investors Take PMI Crash in Stride

April 23, 2020
Overview: Investors have remained fairly calm in the face of flash April PMI crashes and an increase of virus cases in several European countries. Most equity markets in the Asia Pacific region rose, with the notable exceptions of China and Australia.  The Nikkei rose for the first time this week, and its 1.5% gain led the region. Europe's Dow…
Investors Take PMI Crash in Stride Investors Take PMI Crash in Stride Reviewed by Marc Chandler on April 23, 2020 Rating: 5
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