Global Markets Are On The Rise Again

The decline of the stock market to the lowest level in 6 weeks prompted investors. Investors' purchases has triggered the rise in the markets.

Global markets are on the rise again. Tightening expectations from the FED and the re-implementation of Covid-19 restrictions in China caused a decline in European and US stock markets earlier this week. With the stock market falling to the lowest level in 6 weeks, the investors' purchases caused the markets to rise again. S&P 500 and Nasdaq 100 futures contracts rose 1% each. Microsoft's announcement of its balance sheet for the first quarter of the year was also among the factors supporting the rise. In the US, 80 percent of companies that announced their first quarter balance sheets reported profits above market expectations. In Europe, Mercedes-Benz and Michelin's profits exceeded the forecasts, while the benchmark index Stoxx 600 compensated for its loss in the early hours. The fact that Russia, which insisted on reveiving payments in rubles, stopped gas delivery to Poland and Bulgaria, caused the Euro to fall to its lowest level in 5 years against the Dollar. In Europe, natural gas rose sharply with the developments, the price of crude oil per barrel exceeded 102 dollars.