Overview of the US stock market on March 29. Third COVID-19 wave in Europe.


Vaccination is progressing quite smoothly in the United States and Britain. Now, more than 45% of the population has been vaccinated in the UK, while about 30% has been vaccinated in the US. As for daily incidents, although the US has 44,000 cases, it is still noticeably lesser than the peak record last year (380,000).

Sadly, the same can not be said in Europe. Vaccination in the bloc is proceeding extremely slowly, not to mention that cases have increased rather strongly in France, Italy and Germany. In France, a daily incidence of 37,000 was recorded yesterday, which is a kind of confirmation that Europe is under another pandemic wave.


S&P 500

The US market closed with a sharp upward reversal last Friday, overlapping an almost weekly decline and returning near the highs. Obviously, even though there was no strong data, large investors remain optimistic about the overall situation. In fact, it seems that they are ready to organize a new wave of growth.

This week will be short. Markets will be closed on Friday due to Catholic Easter. But on Wednesday and Thursday, important reports on the US economy will be published, which may lead to the storming of the stock market.

The material has been provided by InstaForex Company - www.instaforex.com