- Germany will extend lockdown to 18th April
- Turkey's lira tumbles after dismissal of central bank head
- US Treasury yields retreated to 1.68%
European indices finished today’s session in mixed moods. DAX 30 rose 0.25%, boosted by gains in Volkswagen shares after Deutsche Bank lifted its price target by 46%. However risk appetite was dented by coronavirus concerns and news from Turkey where President Erdogan sacked the third central bank chief in two years after the Central Bank of Turkey lifted its benchmark interest rate by a higher-than-expected 200bps last week. Meanwhile France, Poland and Ukraine introduced new restrictions and German announced that lockdown will be extended until April 18. Travel and airlines stocks fell after British government urged citizens not to book summer holidays abroad due to the rising number of cases in other European countries. On the corporate front, AstraZeneca stock finished 3% higher after recent data showed its Covid-19 vaccine was found 79% effective in a US trial at preventing symptomatic illness.
US indices are trading higher led by a tech rally amid falling bond yields. US 10-year Treasury yield dropped to around 1.68%, after touching a 14-month high at 1.75% last week. Tesla stock added more than 5% after Ark Invest unveiled a new price target on the electric carmaker stock which calls for it to quadruple in four years. Apple, Facebook and Microsoft and Netflix shares all rose more than 2%.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appBoth WTI crude and Brent are trading 0.10% higher as the worsening pandemic situation in Europe weighs on demand. Elsewhere gold fell 0.25% to $ 1,740.00 / oz, while silver is trading 1.8 % lower near $ 25.75 despite weaker dollar and lower bond yields.
USDJPY – pair has been trading in the descending channel recently. Should a break below the lower limit of the formation occur, then downward correction may start. First potential target for bears is located at 106.92 level. On the other hand, in case of a break higher, another upward impulse towards resistance at 109.93 may be launched. Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
