A Positive Trend on European Stock Exchanges and China Surprised
The Dax Index in Frankfurt jumps by 2.4%, Potsys in London strengthens by 2.2%, and Kuck in Paris is up 1.5%; China’s Manufacturing Managers Index jumped to 52 in March, pointing to expansion, despite expected contraction; Oil begins to recover from 18-year low – WTI jumps 5.4% to $ 21.2 a barrel.
Shanghai Nicki (2,750,300.11%) Hung Seng (23,603.481.85%) Ducks (10,046.612.35%) Kak (4,444.621.51%) Potassi (5,690,502.28%) Dow Jones (22,327.483.19%) NASDAQ (7,774,153.62%) S&P 500 (2,626,653.35%)
Trading in Europe opens half an hour ago and the leading indices record sharp gains against the surprisingly positive data in China’s manufacturing sector. The Ducks index in Frankfurt jumps by 2.4%, Potsy’s in London is up 2.2% and Kak in Paris is up 1.8%.
Airline shares are on the rise – Air France jumps 9.5%, Wiz Air and Easy Jet increase 7.1%, Rainier adds 4.4% and Lufthansa increases 2.8%.
The Asian stock exchanges are on a mixed trend this morning after the positive lock in New York yesterday. Most of the top metrics record gains, following a surprisingly positive macro in China.
The Nikkei index is down 1.1%, Ghana is up 0.4%, Heng Seng climbs 0.5% and the Cospic index jumps 1.3%.
Official data from China showed that the PMI in the manufacturing sector stood at 52 in March, reflecting an expansion in contraction of expected contraction. Market analysts had expected the index to reach 45 points for the month – a figure above 50 points reflects expansion, a figure below 50 points shows contraction.
In February, the index plunged to a low of 35.7 points as the state continued to cope with the Corona epidemic, in parallel with attempts to return to work after the downtime and closure following the epidemic.
Oil prices recover slightly after yesterday’s 18-year low – WTI oil jumps 5.6% to $ 21.2 a barrel after plunging below $ 20 a barrel yesterday – an 18-year low. Brent oil climbs 0.5% to $ 22.9 a barrel after yesterday crashing more than 10% to its 18-year low and closes at $ 22.4 a barrel.
Last night on Wall Street – the NASDAQ index jumped 3.6%, Dow Jones climbed 3.2% and the S&P 500 strengthened 3.3%.
Jump and bounce the benchmarks: Johnson & Johnson jumped 7.9% in the head of Dow Jones, announcing the development of potential vaccine material for Corona. Microsoft jumped 7.2%, Intel climbed 6%, Facebook 5.8%, Annbidia 5.2%. Major airline shares plunged – American Airlines fell 12.8%, United Airlines fell 8.1%.
Positive Trend on European Stock Exchanges - /10
The Dax Index in Frankfurt jumps by 2.4%, Potsys in London strengthens by 2.2%, and Kuck in Paris is up 1.5%; China's Manufacturing Managers Index jumped to 52 in March, pointing to expansion, despite expected contraction; Oil begins to recover from 18-year low - WTI jumps 5.4% to $ 21.2 a barrel.