International Oil Prices 62 ↓… Dow 300P down



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The re-lock in Europe and the reproliferation of the US crown stalled … 1st anniversary of entering the bleak bull market

International Oil Prices 6.2% ↓ ... Dow 300P down

International financial and futures markets have collapsed due to concerns about the ‘third epidemic’ of the new coronavirus infection (Corona 19).

As Europe and other parts of the world began to re-lock or postpone plans to normalize the economy, oil prices, which rose in advance due to anticipation of normalization, plummeted, and New York stock markets plummeted. York and Europe also showed a downward trend.

West Texas crude oil (WTI) for delivery in May on the New York Stock Exchange (NYMEX) on the 23rd (local time) closed at $ 57.76, a decrease of 6.2% ($ 3.80) per barrel compared to the previous day. .

Since the 5th of last month, the $ 60 per barrel level has collapsed to the lowest price.

According to Dow Jones Market Data, the closing price of the WTI on the same day fell 12.6% from the last high of $ 66.09 per barrel on the 5th to enter the correctional market.

International gold prices have also slowed.

Gold for April delivery on the New York Commodity Exchange closed at $ 1,725.10, down 0.8% per ounce ($ 13).

It is the lowest price since the last 12 days.

International Oil Prices 6.2% ↓ ... Dow 300P down

The major indices on the New York Stock Exchange also curved downward at the same time.

The Dow Jones 30 Industrial Average closed the market at 32,423.15, 308.05 points (0.94%) below the battlefield.

The Standard & Poor’s (S&P) 500 index fell 30.07 points (0.76%) to 3,910.52, and the technology-oriented NASDAQ index fell 149.84 points (1.12%) to 13,227.70, respectively. .

The main European stock markets were also weak.

The FTSE 100 index of the UK London Stock Exchange fell 0.40% from the closing price of the previous trading day to 6,699.19, and the CAC40 index of the French Paris Stock Exchange fell 0 , 39% to 5,945.30.

It was bad news for the market that countries around the world, which had been rapidly deregulated due to the downward trend of new corona19 cases and the spread of vaccines, began to crash again as they again faced fears of a recurrence.

Germany, which had entered a gradual relaxation of the lockdown, announced the day before that it would return to the previous lockdown on the 18th of next month.

In particular, from the 1st to the 5th of the following month until Easter, a super strong ‘full lockdown’ will be implemented to ensure all venues are closed and everyone stays home.

Other European countries, including Austria, have also slowed the loosening of the blockade, delaying the resumption of restaurants, etc.

France entered a de facto blockade of a third of the country’s territory for four weeks since last weekend.

International Oil Prices 6.2% ↓ ... Dow 300P down

The United States, the country with the most damage to Corona 19, has greatly eased restrictions in many areas, but this has resulted in an increase in the number of new confirmed cases in 21 states, CNBC Broadcasting said.

New Jersey Governor Phil Murphy appeared on CNN the day before and said that if the number of confirmed cases rises again, plans to resume economic activity could be halted.

Commonwealth Financial Network chief investment officer Brad McMillan told CNBC: “The third wave of the pandemic will bring a larger population into a state of medical and economic vulnerability.”

As a result, stocks that are expected to suffer greatly from the restrictions on economic activity on the New York Stock Exchange also fell dramatically.

Cruise companies Carnival (-7.8%) and Norway Cruise (-7.2%) plummeted more than 7%, and airlines such as American Airlines (-6.6%) and United Airlines (-6.8 %) were also slow.

The New York Stock Exchange showed a downward trend on the first anniversary of its entry into the “bull market” immediately after the Corona 19 incident.

According to CNBC, the S&P 500 Index hit a year-round low on March 23 of last year, then began to rebound and soared around 80% by the end of the year.

/ yunhap news

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