India
2020-04-16 11:28
Market analysisS&P 500 Sinks on Earnings as Oil Price Flops
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Market analysis:
S&P 500 Index spikes lower on the back of alarming earnings reports from big banks that hint at the potential avalanche of defaults looming due to the coronavirus recession
Crude oil trades beneath the $20.00 price level and at fresh 18-year lows after dropping another 30% from its month-to-date high despite historic OPEC+ supply cuts
US Dollar leaps higher as the broader DXY Index bounces off its 50-day moving average and the IMF rekindles risk aversion with its gloomy GDP growth forecast
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S&P 500 Sinks on Earnings as Oil Price Flops
India | 2020-04-16 11:28
S&P 500 Index spikes lower on the back of alarming earnings reports from big banks that hint at the potential avalanche of defaults looming due to the coronavirus recession
Crude oil trades beneath the $20.00 price level and at fresh 18-year lows after dropping another 30% from its month-to-date high despite historic OPEC+ supply cuts
US Dollar leaps higher as the broader DXY Index bounces off its 50-day moving average and the IMF rekindles risk aversion with its gloomy GDP growth forecast
Others
Commodity
Others
Others
Others
Others
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