EQUITIES
S&P 500 Index : $2,799.31, gain 62.75 points or 2.29%
Dow Jones Industrial Average : $23,475.82, gain 456.94 points or 1.99%
Nasdaq Composite Index : $8,495.38, gain 232.15 points or 2.81%
European exchanges also recording gain, with London's FTSE 100 up 2.30%, Germany's DAX up 1.61% with France's CAC gain 1.25%. Italy's closed 1.91% higher and pan-European Stoxx 600 index gains 1.80% closed Wednesday.
Asian markets are in green in early trade, with Japan's Nikkei 225 up 0.76%, Hong Kong's Hang Seng gain 0.42%, China's Shanghai Composite up 0.60%, Singapore’s loss -0.07%, South Korea’s KOSPI up 0.40%, and Australia's S&P/ASX 200 gain 0.78% in early trading.
OIL
Brent crude futures ended the session higher on Wednesday at $20.37 per barrel, a rise of 5.38%, while WTI crude futures gain 19.10%, at $13.78 per barrel.
Currently, Brent is trading at $20.76 per barrel and WTI is trading at $14.11 per barrel as of writing time (UTC+8).
CURRENCIES
The U.S. DXY stand at 100.44, compared with a basket of its major peers. Dollar rally against most of major currencies in early trade, including against NZD (0.60%), AUD (0.41%), CAD (0.19%), SEK (0.19%).NOK (0.16%), DKK (0.14%), MXN (0.13%), CHF (0.12%), GBP (0.11%), EUR (0.08%), SGD (0.08%), and JPY (0.07%).
Dollar also depreciate against currencies including RUB (-0.25%).
GOLD
Gold currently trading at $1,712.30 per ounce, while stands around $1,736.70 per ounce for gold futures as of writing time. Previously closed at 1,714.10 and 1,738.30, respectively.
Silver trading at $15.02, platinum trading at $755.00 and palladium trading at $1,873.00.
ECONOMIC OUTLOOK
Stocks in Asia traded higher on Thursday morning following an overnight rebound in oil prices that recouped some recent losses. Global oil prices bounce back after hitting 21-year low.
The pandemic pushed South Korea’s economy into its biggest contraction since 2008 in the first quarter, as self-isolation hit consumption and kept businesses closed and global trade slumped. GDP decreased by a seasonally adjusted 1.4% in the first quarter, the central bank said on Thursday.
More states in the U.S. South and Midwest signalled readiness to reopen their economies in hopes the worst of the coronavirus pandemic had passed.
International air passenger traffic could drop by as many as 1.2 billion travellers, or two-thirds, by September 2020, as the coronavirus pandemic weighs on demand.
To date, number of confirmed worldwide cases for COVID-19 pandemic has now reached more than 2,638,000 today affecting 210 countries and territories around the world and 2 international conveyances, recording more than 184,000 fatality globally.
TECHNICAL OUTLOOK
[EURUSD]
Short positions below 1.08159 with targets at 1,07692.
Pair is in downtrend pattern. 50’s and 200’s Moving Averages is above the pair’s price. The MACD is below its signal line and negative. The configuration is negative.
