American stocks ceased depreciating last week after the FED released positive data concerning the 2020 stress tests. According to the Board of the Federal Reserve, most US banks have enough liquidity to weather even deeper economic slumps. This means that the overall financial framework in the country can withstand the economic ripples that are to be expected if a second coronavirus wave hits the markets. [...]

In our comprehensive take on yesterday's stock market crash that was published earlier today, we demonstrated the fragile nature of S&P's bullish run. The speculative nature of yesterday's crash was exposed, and it was alluded to the possibility for the implementation of swing trading strategies given the current context of the market. [..]

The main Japanese stock index – the Nikkei 225 – has rebounded from the bottom that was reached in late-March, and subsequently, it was able to correct almost all of the losses that were incurred during the coronavirus crash. The present stock market rally is so considerable that the price action of the index is currently nearing a prominent Distribution area, which marked the end of the previous bullish run.

Since the initial market crash from the coronavirus crisis concluded, various market experts and commentators have started to weigh in on the likely scope of the subsequent correction. Chiefly, they wanted to discern whether set correction is going to turn out to be a minor retracement in an otherwise bearish market, or if it could signify the beginning of a renewed bullish run.

The stars finally seem to be aligning favourably for the European stock market. Most states within the EU have started to reopen their economies, which allows for the general economic activity to begin normalising gradually. There are also positive indications for the swift development of a drug for COVID-19, as well as a vaccine for treating the SARS-Cov-2 pathogen. [...]

Arguably the most important conclusion that can be drawn from the recently finished earnings season in the States is that Big Tech and other companies in the technological sector have had an overall robust first quarter. Despite the ongoing coronavirus crisis, which has affected so many other industries, the tech sector remains not only relatively unscathed by the economic fallout, but it even manages to continue growing. [...]

The German DAX index, which is among the leading stock indices in Europe, has appreciated by almost 7 per cent in April and has advanced by more than 16 per cent altogether since the bottom of the market rout was reached at 8440 points on the 18th of March. Before that, the index had contracted by more than 5000 points as the novel coronavirus swept through Germany and elsewhere. [...]

The coronavirus outbreak is ravaging Europe, and for the time being, the now fewer reported cases in Italy – the hardest-hit country by the epidemic in the EU – offers one of the only few glimmers of hope that the situation can soon be resolved. Deaths keep mounting at different paces in all European countries, with the fatality rate in Spain reaching 1000 casualties per day. [...]

[...] the coronavirus pandemic presents an unprecedented ordeal for the global economy, and questioning whether the Dow is currently in a bearish or bullish market is ultimately futile. [...] In that sense, we can candidly assert that the Dow Jones currently finds itself in no man’s land – it could just as likely fall, consolidate, or rise, in the next following weeks.

The Services PMI and Manufacturing PMI numbers, which were released earlier today, ha already begun affecting the French stock market, and have left a noticeable imprint on the CAC 40's price action. Therefore, it is the purpose of the present analysis to examine the current state of the French economy with regards to today's data releases and to project the most likely consequence for the index' future development.