Europe’s single currency the euro is weaker on foreign exchanges despite moves in key continental economies to lift the coronavirus lock-down. Reports suggest the European Central Bank may be preparing to buy junk bonds to help stabilise the euro-zone.
Oil prices were lower again this morning as hopes of support for crude came to nothing. Now there are fears that, as happened last week, prices could turn negative as traders and producers pay to have their oil taken away.
With the world sliding into recession, you may have expected the gold price to take a hit, given falling demand for its role as a hedge against inflation. But bullion is trading at 12-monthly highs, proof, to “gold bugs”, that it continues to shine through boom and bust.
The tech-focused Nasdaq stock index has had a spectacular five years, but current economic turbulence is taking its toll. With both the 12-monthly low and high points occurring within a few weeks of each other, working out the general trend is not easy.
Stock markets rose in London this morning as three intensive weeks of UK-EU trade talks began. Sticking points include access to fisheries and a continuing role for European judges in British law.
Oil prices headed lower this morning, just days after a deal among producers to slash world output by nearly 10%. The benchmark Brent crude has lost more than 59% of its value during the last 12 months.
Silver has been on the rise recently in price terms, perhaps reflecting bullion investors switching out of relatively expensive gold. However, with asset prices buffeted by the global coronavirus outbreak, where is silver likely to go this coming week?
One may expect the currencies of two countries as closely linked as the US and UK to enjoy a reasonably harmonious relationship. But the rollercoaster ride of the last 40 years shows that it is often anything but.
Bullion remains nearly $340 an ounce higher than it did a year ago, and prices then were thought to be strong. But ought gold to be doing better than it is during the coronavirus epidemic, and is a recent wobble a sign that its winning streak is turning cold?
Donald Trump’s popularity has been based in large part on a booming jobs scene and a surging stock market. But a widespread shutdown of the economy means unemployment is climbing and the Dow Jones index has lost more than 20% of its value in three months.
Explore the stock market forecast for next week with Capital.com. Find out the major stock markets’ price drivers and find out whether there are some attractive trading opportunities for you.
UK markets made a brisk start to the week, with across the board increases. But the effects of the coronavirus epidemic continue to hobble talks on the future relationship between Britain and the European Union.
The price of crude has crashed by more than 60% this year, and the slide shows little sign of ending. Fears that a coronavirus-induced recession will slash demand has coincided with a war of nerves among major oil producers.
Mexico’s currency the peso is attractive during normal times as it offers higher yields than its neighbour, the dollar. But now the impact of the coronavirus is exacerbating existing weaknesses in the country’s economy and society, and the currency is feeling the heat on foreign exchanges.
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