Archives of “April 30, 2020” day

rss

BOJ ETF purchases to track Japan stock market indexes

  
  Analysis

The Bank of Japan have outlined how their ETF purchase program is to be split

  • 75% of ETF purchases are to be used for ETFs tracking the Topix Index
  • other 25% to be used for ETFS tracking Topix, Nikkei 225 & JPX-Nikkei 400
With the BOJ buying heavily leaning in favour of the Topix over the Nikkei 225 expect Topix to outperform Nikkei.
—
BOJ annual purchase amount for ETFs is set at a maximum of 12tln yen
The Bank of Japan have outlined how their ETF purchase program is to be split

Venezuela asks Bank of England to sell its gold

  
  Analysis
#  #  #  #  #

Venezuela is asking the Bank of England to sell part of the South American nation’s gold reserves, send the proceeds to the United Nations to help with the country’s coronavirus-fighting efforts

Reuters with the report, citing “two sources with knowledge of the situation”.
  • It was not immediately evident how much gold Venezuela was asking the Bank of England to sell.
  • Venezuela’s information ministry and central bank did not respond to requests for comment.
  • The Bank of England said it does not comment on individual customer relationships.
Venezuela asks Bank of England to sell its gold

NASDAQ index leads the way higher on coronavirus treatment hopes

  
Analysis, US Market

Remdesivir news helps stocks race  higher

The NASDAQ index led the way to the upside with all the major indices climbing on the day. The Gilead news that their drug remdesivir and favorable results as a cure for coronavirus.  Dr. Fauci also had positive comments about the results.
  • S&P index rose 76.12 points or 2.66% at 2939.51
  • NASDAQ index rose 306.98 points or 3.57% at 8914.71
  • Dow rose by 532.31 points or 2.21% at 24633.86
Earnings after the close from Facebook and Microsoft are beating expectations.
Go to top