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S&P 500, collapse in sight?

Published 03/12/2020, 15:05
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In today's video we talk about US 500 Contract.

Before a summary of the day. The rush to buy shares has subsided in the last few hours, there was very little movement today in the Asia Pacific area.

Tokyo's Nikkei closed around parity, close to the highs of the last thirty years. Slight increases for Seoul's Kospi and Sydney's S&P ASX 200. Hong Kong's Hang Seng gained 0.5% and the CSI 300 of Shanghai and Shenzen closed down by 0.2%.

The futures in Wall Street are not very moved.

Yesterday the Los Angeles authorities ordered residents not to leave their homes and companies that require the presence of people to close the business.

Yesterday, new hospital admissions in the United States exceeded 100,000 for the first time. Crude Oil WTI Futures barely moved at 48.2 dollars a barrel, after yesterday’s + 1.7%.

It seems that OPEC + ministers will agree on a very soft reshaping of the productive regime in the coming months, there are still conflicts, especially between Saudi Arabia and the Arab Emirates: the first would like to leave everything as It is until March or even beyond, at least until the pandemic is completely under control.

EUR/GBP down 0.2% to 0.904. Great Britain and the European Union have made good progress in negotiations for a trade agreement on Brexit, but Boris Johnson's government will not sign any agreement that is not in the interests of the country.

The Gold Futures is returning to $1,834 an ounce, slightly up after two sessions of a strong recovery.

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