U.S. Equity Markets edged higher as investors gave a tepid vote of confidence to the battery of economic and financial measures from global policy makers aimed at easing the market turmoil. Oil soared and the US Dollar extended its rally. The Nasdaq Composite Index led gains as bargain hunters snapped up tech shares, with Tesla Inc., Twitter Inc. and Netflix Inc. all up at least 5%. The Dow Jones Industrial Average climbed back above 20,000. Crude surged the most on record as Middle East producers began to show signs of strain and President Donald Trump said he would get involved in the oil price standoff at the “appropriate time.” Treasury yields dipped. Stocks gained in Europe after falling across most of Asia. Sovereign bonds soared in Italy, Spain and Portugal after the region’s central bank boosted its efforts to stabilise the economy and capital markets. The Japanese Yen, so often a haven amid market stress, slumped in a sign of the extraordinary demand for the Greenback, which strengthened for an eighth day to its highest in at least 15 years. WTI oil jumped as much as 36% after a plunge that had taken it to almost $20 a barrel on Wednesday. Investors took a break from what has been a wave of selling to evaluate the unprecedented policy actions taken to fight the economic effects of the Coronavirus pandemic. Trump sought to reassure doubting Republicans that he’s aiming to help workers through the crisis, not necessarily corporations, a priority made all the more urgent after data showed U.S. Jobless Claims came in higher than expected. The latest efforts to mitigate the damage include the Bank of England cutting its Bank Rate and increasing its bond buying programme, the European Central Bank launching a 750 billion euro ($815 billion) debt-buying plan, and the Federal Reserve’s support for money-market mutual funds. South Africa cut interest rates and Germany may authorise emergency debt issuance. Overnight, U.S. and European equity futures gained and the dollar halted an eight-day rally as investors took stock of an unprecedented rush of global stimulus measures.

To mark my 2025th issue of TraderNoble Daily Commentary I am offering a special 2 year rate of Euro 2750 for my Platinum Service which includes 1 to 4 updated emails throughout the trading day To demonstrate this value, a monthly subscription over the same period would cost 4440 euro in total This offer represents a 38% discount and is open to both new and existing members. If anyone is interested in this offer can you please email me on bryan@tradernoble.com for details

For anyone following my Platinum Service it made 1025 points yesterday and is now ahead by 6822 points for March, having made 2223 points in February, 2142 points in January, 818 points in December, 780 points in November, 1649 points in October, 1620 points in September and 2387 points in August Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points

I have a YouTube Channel which contains recent interviews I have given This can be viewed by clicking HERE Please subscribe to this for new interview notification

This content is for Free Members or higher.

Already Have an Account? Log In

New to TraderNoble? Register