MARKET ANALYSIS 25/04/2017

Today’s highlights: French elections cause global rally
·         Best day for French market since 2012: The result of the election in France boosted the country’s economy, with its stock market recording its best closing numbers since 2012.

 

·         A record-setting day on Wall Street: Following the boost given to the global economy by the French election, key indices in the US hit new highs. The Dow Jones and Nasdaq both recorded triple-digit gains and set new closing records. The S&P 500 also showed impressive gains, closing 1.08% higher.

 

·         Asia opens higher: The positive global trend was also felt in Asian markets this morning, with top indices showing gains. The Japanese Nikkei climbed more than 0.7%.

 

·         Gold prices on the decline: After posting losses yesterday, gold continued to lose ground this morning, as investors turn away from the safe haven asset.

 

·         Volatility could be seen in USD today: Following significant losses against its major peers after the French election, the greenback could continue to be volatile today, with the CB Consumer confidence report released at 14:00 GMT.

 

·         Europe opens higher: The FTSE opened 11 points higher, the DAX was up 31 points and the CAC opened 24 points higher.

 

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