Top Things to Know in the Market on Monday, March 30th

• 2020-03-30
• Traiding Idea

The US House of Representatives on Friday approved a $ 2.2 trillion stimulus package to help tackle the economic consequences of the Coronavirus. It is the largest economic stimulus package passed in American history.

Worldwide, the number of confirmed cases of Coronavirus has reached 720,000, and the United States has become the main center of the Coronavirus outbreak, with 137,000 cases and 2400 deaths.

Today, Asian stock markets continued to fluctuate as the corona pandemic's negative impact on the global economy continued, and European stocks began trading with falling indices. Unlike the regional markets, Australia stocks surge 7 percent as shares of financial and banking companies jumped.

While concerns have been raised about the prolongation of the global fight against Corona, oil prices have fallen again.


Oil price collapses to lowest level for 18 years


While the spread of the Coronavirus has accelerated in various countries and the price war in the oil market between Saudi Arabia and Russia continues, Oil prices fell sharply on Monday, with Brent oil reached its lowest level since November 2002.

Brent crude oil dropped 6.7 percent, or $ 1.68, to $ 23.25 a barrel today. Also, US West Texas Intermediate ( WTI ) crude oil fell 5.4 percent, or $1.17, to $ 20.34 earlier today.