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Corona virus continues its raids on the Financial markets - 16-04-2020

News Date: 16/4/2020 07:49:31

European stocks witnessed a dramatic decline due to the consequences of the massive losses of the pandemic that shook the global economy, giving up the highest level in five weeks earlier today, but returned to rebound today with the recovery of airlines,

British EasyJet Aviation soared 9%, after what was expected to exceed an extended period in which its fleet activities stopped, which climbed the index of the broader travel and entertainment sector by 2.3%, the same for the German share "Zalando" by 8%

While Asian stocks witnessed an apparent decline, both the Japanese and Australian stock indices in addition to each of the "Hang Seng" index decreased by 0.47% and the "Kospi" that rose by 0.21% but soon lost 3.9 points, while Chinese stock indices increased by 0.11 % And New Zealand by 0.90% today, Thursday.

As for the American stocks, in turn, they witnessed a decline, as the Dow Jones index lost 1.86%, while the Nasdaq index fell by 1.44%.

Gold is expected to rise after its rate of change today reached 2.27%, also silver still known a successive rebound, but oil has continued to decline by 29%, and is expected to know its worst stages historically.

The euro against the dollar pair faces more pressure, the same thing for the British pound, which continued to decline for the second consecutive day against the US dollar by 0.4%, on the other side, the dollar continues to rise against the Japanese yen by 0.36%.

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