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FX.co ★ Major stock indexes in US and Asia slightly went up

Major stock indexes in US and Asia slightly went up

Major stock indexes in US and Asia slightly went up

The coronavirus outbreak in European countries remains an important factor for investors. The re-introduction of quarantine measures can have the most negative impact on the state of an already suffering economy. According to official data, there are already more than 35 million cases of coronavirus infection in the world.

The news that the US President Donald Trump and his wife both tested positive for coronavirus may negatively affect his rating in the election race and the market as a whole. Nonetheless, positive statements were given by Trump's attending physician, stating that he will be able to return to work starting Monday.

Meanwhile, market players expect progress regarding the agreement on a new support package for the US economy. In the event of any favorable impulses in this process, the risk of investors may be fully justified. In addition, investors' attention is focused on the publication of data on the index of business activity in the services sector of European countries and the US, as well as the data on unemployment in the US, and the release of minutes of the meeting of the Federal Reserve.

In general, Monday morning is filled with positive sentiment in the global markets. Leading Asian trading floors went up by 1.3% against the background of positive data on the index of business activity in the Japanese services sector. Friday's decline in futures for major stock indices in the US was replaced by a rise of 0.6% on Monday. A positive trend is also observed in the energy market: Brent crude futures showed growth, reaching $ 40 per barrel.

The opening of Monday's trading session also promised to illustrate the buying advantage of Russian stocks. This phenomenon can help the Moscow Exchange index to win back part of Friday's losses, as well as maintain the level above 2850 points. Significant shifts in the course of trading today are possible based on the results of these indices of business activity in the services sector of the world's leading countries: the weaker the statistics, the more likely it is that sales will return to the Russian market. This phenomenon can compensate for the morning growth and demonstrate that the market leaves below 2850 points.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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