By - Jamel Lahiani
Last week, the markets have strong psychological effects due to the anticipation of the trade war’s impact on growth. The US dollar price was losing face to the Euro, the British Pound and the Swiss Franc because of consensuses nonfarm payrolls less than the waiting data by investors.
A looming recession appears by this data concerning Foreign Equities. In fact, all indexes have a negative variation last week except NZ50. The CAC40 and DAX30 indexes record the highest negative %variation respectively -3.57 and -3.11. Dow Jones (US) decreased slowly by -0.37. It’s the worst weekly percentage plunges since December for some indexes.
Last week, Oil- West Texas crude, Silver and Gold prices have the most positive variation by respectively: 3.17%, 0.21% and 0.15%. In the other side, Copper and Zinc decreased by respectively: -2.91 and -2.34.
Last week, the US dollar price is losing face to the Euro, the British Pound and the Swiss Franc. This because a consensuses nonfarm payrolls. The traders expected a good performance concerning the US employment and trade balance but the data was stable. The percent variations are respectively by: (EURUSD): 0.19%, (GBPUSD): 0. 26% and (USDCHF): -0.85%.
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