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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

US stocks rise in hope of global economic recovery

May, 05 2020
watermark Economic news

According to trading data, the main US indices are growing amid the emergence of prospects for the recovery of the global economy after the crisis caused by the coronavirus pandemic. Traders evaluate the news of the gradual lifting of quarantine measures in a number of countries, in particular in Italy.


Thus, the Dow Jones Industrial Average (DJIA) index grew by 1.27% – up to 24050.99 points, the index of high-tech companies NASDAQ – by 1.44%, up to 8836.43 points, the S&P500 wide market index increased by 1, 29%, up to 2879.55 points.


An additional factor of optimism on the exchanges is also the restoration of the oil market. Today, the price of Brent grade has reached $30.30, and WTI crude oil – $24 per barrel.


However, pressure on the US stock market had data on the US trade deficit. In March, the figure rose to $ 44.4 billion, turning out to be worse than the forecast of $ 44 billion.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.