U.S. Equity Markets fell in the early trading on Friday before rallying throughout the day, finishing the day mixed with the Dow closing lower by 0.71% while the NASDAQ 100 finished the session with a gain of 0.61%. Shortly before the Cash Indices opened the Federal Reserve spooked the markets. It decided not to extend eased capital requirements for banks, instead letting the policy expire at the end of March as originally planned. This sparked concerns that banks would begin to pull back from lending, as they would have to have enough capital to cover their Treasurys’. Vaccination news was positive, however. At some point in the last 24 hours, the U.S. likely passed 100 million doses administered under President Joe Biden, achieving his goal weeks in advance. And more States are opening up their vaccination eligibility to more people. That should speed up the pace of vaccinations, and help boost consumer confidence and spending. This brought the optimism for markets to rally off their lows and finish higher. European Markets declined on new lockdowns. Daily coronavirus cases in Germany jumped to a two-month high, approaching the level that Chancellor Angela Merkel has said would warrant new restrictions. France’s government imposed a new lockdown in Paris, citing the spread of highly contagious COVID-19 variants. But it was not all bad news. British Consumer Confidence rose to the highest level since the pandemic hit last year, boosted by the country’s planned reopening plan. And the European Medicines Agency said that AstraZeneca’s (AZN) COVID-19 vaccine was still safe, but added a blood clot warning, prompting some European countries to resume using the shot. Elsewhere, Oil rose 2.45% as it rebounded from Thursday’s steep decline, while Gold rose 0.10% on little news.
To mark my 2275th 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 firstname.lastname@example.org for details
For anyone following my Platinum Service it made 315 points last Friday and is now ahead by 2644 points for March, having closed February with an impressive gain of 3286 points, having made 2077 points in January, 2273 points in December, 2025 points in November, 2779 points in October, 3042 points in September, 2383 points in August, 3128 points in July, 2580 points in June, 2456 points in May, 4773 points in April, and an incredible 9264 points in March. 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