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April 28, 2020 @ 15:30 +03:00
Market overview Futures on the SP500 added 1.4% before the start of the New York trading session after rising 1.4% a day earlier. Positive dynamics is ensured by a decrease in the number of daily new infected and the gradual remove of restrictions on movement in various countries. The VIX index fell to levels at the beginning of March. DAX, CAC40, FTSE100 synchronically add 1.6%.
DXY lost 0.5% to 99.5. USD retreats to all major currencies except the especially beaten TRY. Foreign exchange market volatility is declining, returning to normal levels.
Gold at the beginning of the day fell from $1715 to $1693 but later returned to growth to $1710 now.
Brent at the beginning of the day fell to $22, where it jumped to $24 and later settled at $23. Prices are adversely affected by the soon expiration of Brent futures and the desire to avoid the risks of negative rates in the coming month by selling the nearest contracts and buying longer ones.
Important events for April 29, GMT (Exp.):
01:30 Au !!! Consumer Prices Index (1Q, 2.0% y/y) 12:00 Ge !! Consumer Prices Index (Apr, 0.7% y/y) 12:30 US !!! Gross Domestic Product (1Q, -3.9% q/q) 18:00 US !!! FOMC Rate Decision (<0.25%)