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A glimmer of hope appeared in Europe, which recorded the largest number of deaths with the epidemic of “Covid-19”, as it witnessed a decrease in the number of victims, especially in Italy, Spain and France, which sent hope that the epidemic began to recede in this continent, and caused relief in the markets Global Finance.
South Korea has also counted the lowest number of new infections in 6 weeks, and the number of new infections has also declined in Australia, while the United States is awaiting a “very difficult week”, as acknowledged by US President Donald Trump.
The Tokyo, Sydney and Manila stock exchanges rose by more than 4 percent, while the Seoul and Singapore stock exchanges rose by 4 percent. The rise was over 2 percent in Hong Kong and Jakarta, and 1.6 percent in Taipei.
In Europe, the London Stock Exchange rose by more than 2 percent in the first trading, the Frankfurt Stock Exchange by more than 4 percent, and the Paris Stock Exchange by more than 3 percent.
In the United States, the New York Stock Exchange opened the trading session, Monday, on the rise, against the backdrop of declining daily deaths of Covid-19 in other countries most affected.
The Dow Jones industrial average rose 5 percent to 22,113.97 points in the first 46 minutes of the session, as did the S&P 500 index increased by 4.8 percent to 2,607.07 points. The Nasdaq index rose 4.7 percent to 7,717.70 points.
“The attention of the markets will now shift to ways to get out of the closure measures, and to what extent can the measures of domestic quarantine be lifted without the risk of a new wave of injuries,” said Tapas Strickland, Australian National Bank economist.
For her part, economist Lindsay Bigza of “Steve Nikolaos” company told “Bloomberg” television, she hopes that the crisis will be controlled and that the American economy will be reopened “by the end of April or early May.”
Attention will remain directed this week to the scheduled meeting of the Organization of Petroleum Exporting Countries and major producers from outside, with a view to finding a solution to the recession in the oil market in the wake of the Covid-19 epidemic.
This emergency meeting will allow via video circle to discuss a significant reduction in production by the level of 10 million barrels per day, which was presented by Russian President Vladimir Putin, on Friday.
After the meeting was scheduled for Monday, it was postponed to Thursday, amid doubts about US participation in it, which dealt a blow to investors.
On Monday, oil prices retreated in Asian markets, and the price of West Texas Intermediate crude fell approximately at 7:30 GMT, by 1.27 percent to 27.98 dollars, while Brent North Sea lost 1.08 percent to 33.74 dollars.
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A glimmer of hope appeared in Europe, which recorded the largest number of deaths with the epidemic of “Covid-19”, as it witnessed a decrease in the number of victims, especially in Italy, Spain and France, which sent hope that the epidemic began to recede in this continent, and caused relief in the markets Global Finance.
South Korea has also counted the lowest number of new infections in 6 weeks, and the number of new infections has also declined in Australia, while the United States is awaiting a “very difficult week”, as acknowledged by US President Donald Trump.
The Tokyo, Sydney and Manila stock exchanges rose by more than 4 percent, while the Seoul and Singapore stock exchanges rose by 4 percent. The rise was over 2 percent in Hong Kong and Jakarta, and 1.6 percent in Taipei.
In Europe, the London Stock Exchange rose by more than 2 percent in the first trading, the Frankfurt Stock Exchange by more than 4 percent, and the Paris Stock Exchange by more than 3 percent.
In the United States, the New York Stock Exchange opened the trading session, Monday, on the rise, against the backdrop of declining daily deaths of Covid-19 in other countries most affected.
The Dow Jones industrial average rose 5 percent to 22,113.97 points in the first 46 minutes of the session, as did the S&P 500 index increased by 4.8 percent to 2,607.07 points. The Nasdaq index rose 4.7 percent to 7,717.70 points.
“The attention of the markets will now shift to ways to get out of the closure measures, and to what extent can the measures of domestic quarantine be lifted without the risk of a new wave of injuries,” said Tapas Strickland, Australian National Bank economist.
For her part, economist Lindsay Bigza of “Steve Nikolaos” company told “Bloomberg” television, she hopes that the crisis will be controlled and that the American economy will be reopened “by the end of April or early May.”
Attention will remain directed this week to the scheduled meeting of the Organization of Petroleum Exporting Countries and major producers from outside, with a view to finding a solution to the recession in the oil market in the wake of the Covid-19 epidemic.
This emergency meeting will allow via video circle to discuss a significant reduction in production by the level of 10 million barrels per day, which was presented by Russian President Vladimir Putin, on Friday.
After the meeting was scheduled for Monday, it was postponed to Thursday, amid doubts about US participation in it, which dealt a blow to investors.
On Monday, oil prices retreated in Asian markets, and the price of West Texas Intermediate crude fell approximately at 7:30 GMT, by 1.27 percent to 27.98 dollars, while Brent North Sea lost 1.08 percent to 33.74 dollars.
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