Asia shares perform cautiously, U.S. crude declines

20.04.2020 - Kulakov Vladimir
Asia shares perform cautiously, U.S. crude declines

A safe trading session was monitored in Asian share markets on Monday. Investors’ sentiment level was supported by hopes that strong corporate earnings and economic data will minimize the disruptions brought by the pandemic. However, the U.S. crude sunk down to a 20-year low record.

According to figures released by Japan, its exports had shed a total of 12% in March. Its U.S.-bound shipments also declined by 16%. April’s manufacturing report is set to be released on Thursday and is expected to render a negative result.

MSCI’s broadest index of Asia-Pacific shares outside Japan reversed 0.2%. The index marginally eased after five consecutive weeks of earnings. The Japanese benchmark index Nikkei declined with a 0.9% setback while Shanghai blue chips inched down 2.4%. Minimal market reversals followed even after China reduced its benchmark interest rates.

S&P 500 E-Mini futures slipped 0.2% after the upbeat performance recorded last week. It soared to a new record on optimism that several states in the United States would reopen their economies soon.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?