Sanjay's Blog

Market Update, Thursday 9th April

Another quiet day on the market front which is not a bad thing at the moment. The Aussie market ended marginally down as did Europe and Hong Kong. Despite its darkest day with Coronavirus victims, the US rose by 3 and a half per cent and India remained steady. Deaths continue to rise in the US and UK but new cases are falling which is evidence that the virus is slowly being neutralised. It doesn’t look like a cure will be discovered in the near future so countries and economies are resigning themselves to the fact that isolation, distancing and other containment measures are the way to stem the flow. Our government’s stimulus was finally approved overnight so that, coupled with US figures overnight, should see a reasonable day domestically.
Stay safe and thanks for reading.
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