U.S. Equity Markets closed higher despite a late-day swoon as optimism that more economies are moving toward easing their Coronavirus lockdowns outweighed cautionary comments from Federal Reserve officials. Oil surged. The S&P 500 rose for a second day, led by gains in health care, utilities and information technology companies. The benchmark Index’s gain of almost 2% was cut in half in the last hour of trading after Fed Vice Chairman Richard Clarida warned the economy will need more government support. St. Louis Fed President James Bullard said the central bank’s efforts are “very much an experiment.” President Donald Trump continued to blame China for the global pandemic, stoking fears the trade war will reignite. Oil posted its longest run of daily gains in more than nine months as production cuts start to whittle down a supply glut. Futures in New York rose for a fifth day, gaining more than 20%. European stocks gained. The Euro fell as investors scrutinised a verdict from Germany’s top judges over the legality of European Central Bank stimulus. They ruled that some actions taken by the country’s Bundesbank to participate in the Asset Purchase Programme were unconstitutional. Markets were closed in Japan, China and South Korea.

To mark my 2050th 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 145 points yesterday and is now ahead by 450 points for May, having made 4773 points in April, an incredible 9264 points in March, 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

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