TECHNICAL ANALYSIS

Opening of the main American indices with sharp drops


Weaker data are revealing. Global recession worries and coronavirus uncertainty weigh on stocks

The main American indices open with sharp declines. The US data was revealing and much worse than expected (retail sales, Empire manufacturing and industrial production were all lower than expected). Concerns about the uncertainty surrounding the global recession over the coronavirus are also looking up again, which leads to risking the sentiment.

A market snapshot currently shows:

  • S&P index 61.67 points or -2.17% at 2,784.39
  • NASDAQ Index -154 points or -1.81% to 8,361.19
  • Dow industrial average -493 points or -2.06% to 23,456.32

an overview of the other markets shows:

  • spot gold – $ 10.20 or -0.60% at $ 1,716.40
  • crude oil -0.22 $ or -1.10% to $ 19.89
  • 2-year return 0.2008%, -1.8 basis points
  • 10 years 0.667%, -8.4 basis points
  • 30 years 1.30%, -10 basis points

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