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John Wang
April 6 18:40

News of fewer coronavirus cases drive the stocks up

Oil prices remain indecisive.
As both the number of new coronavirus cases and the number of the disease-related deaths has reduced, investors become more confident. Stocks around the world saw rapid growth.

On the beginning of April 6, US futures have grown by 4% during Asian hours of trading. Their positions were further reinforced after Donald Trump has stated, that the crisis in the nation might already be leveling off.
British FTSE has risen by 3.2%, Geram DAX has grown by 4%. In Asian trading Australian key index has increased by 4.3%, Japanese Nikkei has seen an increase by 4.2% and South Korean KOSPI has gone up by 3.8%. Hang Seng saw a more moderate growth of 2.03%. Chinese markets remained closed for a national holiday. Overall results have taken MSCI’s Asian index up by 2%.
At the same time oil prices have lost some of its recent gains. Russia and Saudi Arabia have postponed their planned negotiations, which had become a cause for optimism last week. Brent crude has taken the hardest hit so far, going down by US$4.