{"id":167785,"date":"2020-03-31T07:18:47","date_gmt":"2020-03-31T11:18:47","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=167785"},"modified":"2020-03-31T07:18:47","modified_gmt":"2020-03-31T11:18:47","slug":"markets-rebound-on-smallest-new-cases-increase-in-italy","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/03\/markets-rebound-on-smallest-new-cases-increase-in-italy\/","title":{"rendered":"Markets rebound on smallest new cases increase in Italy"},"content":{"rendered":"
March 31, 2020<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dow books 690-point gain<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> rebounded on Monday as World Health Organization indicated the smallest increase in COVID-19 cases in two weeks were recorded in Italy. Overnight President Trump extended social-distancing guidelines through April 30. The S&P 500 <\/em> rose 3.4% to 2626.65. Dow Jones <\/a> industrial advanced 3.2% to 22327.48 as gains in Johnson & Johnson and UnitedHealth offset hefty Boeing loss. The Nasdaq <\/em> gained 3.6% to7774.15. The dollar weakening reversed as the National Association of Realtors data showed pending home sales jumped 9.4% year over year in February: the live dollar index<\/a> data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, recovered 0.8% to 99.04 and is higher currently.The President said Monday the US death rate was likely to peak in two weeks and the country would be \u201cwell on our way to recovery\u201d by early June. Futures point to higher market openings today.<\/p>\n

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DAX 30 led European indexes rebound<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> rebounded on Monday. Both EUR\/USD <\/em> and GBP\/USD <\/em> reversed climbing yesterday with both pairs lower currently. The Stoxx Europe 600 index advanced 1.1% led by chemicals and healthcare shares supported by report euro-zone\u2019s economic sentiment index fell less than expected in March. The DAX 30 <\/em> rose 1.9% to 9815.97 as German annual inflation declined less than expected in March. France\u2019s CAC 40 <\/em> added 0.6% and UK\u2019s FTSE 100 <\/a> gained 1.0% to 5563.74.<\/p>\n

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Asian indexes mixed<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly higher today following the rebound on Wall Street overnight. Nikkei <\/em> however lost 0.9% to 18917.01 despite resumed yen decline against the dollar. Markets in China are rising as authorities reported China\u2019s manufacturing activity and service sector bounced back stronger than expected in March: the Shanghai Composite Index <\/em> is up 0.1% and Hong Kong\u2019s Hang Seng <\/em> Index is 1.1% higher. Australia\u2019s All Ordinaries Index pulled back 2% as Australian dollar\u2019s climb against the greenback continued.<\/p>\n

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Brent <\/a> rebounds<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are edging higher after a sharp drop on Monday. Prices tumbled yesterday on sharp fall in demand as countries implemented quarantine \/lockdown measures: May Brent crude closed 8.7% lower at $22.76 a barrel on Monday, dropping 55.5% for the month.<\/p>\n

\"Brent<\/p>\n

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Gold retreats as Dollar resumes strengthening<\/h2>\n<\/div>\n<\/div>\n

Gold <\/b> prices are slipping today. April gold slid 0.2% to $1622 an ounce on Monday.<\/p>

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Market Analysis provided by IFCMarkets<\/a><\/p>\n

Note:
\nThis overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or \u0430 recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.<\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets Dow books 690-point gain US stock market rebounded on Monday as World Health Organization indicated the smallest increase in COVID-19 cases in two weeks were recorded in Italy. Overnight President Trump extended social-distancing guidelines through April 30. The S&P 500 rose 3.4% to 2626.65. Dow Jones industrial advanced 3.2% to 22327.48 as gains […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-167785","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=167785"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167785\/revisions"}],"predecessor-version":[{"id":167803,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167785\/revisions\/167803"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=167785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=167785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=167785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}