Top Gainers – The World Market
Over the past 7 days, the US dollar weakened against almost all currencies. The main reason for this was Joe Biden's new plan to improve American infrastructure in the amount of $2 trillion. The overall package of economic stimulus measures may reach $4 trillion, which increases inflationary risks. The American economy is showing signs of active recovery from the coronavirus pandemic. Nevertheless, according to the March FOMC Minutes, the Fed intends to maintain low rates and soft monetary policy. This is another factor leading to the weakening of the greenback. In turn, the euro strengthened in anticipation of the resumption of mass vaccinations in Europe. In addition, in March the growth of the Markit PMI in the manufacturing and services sectors in Europe exceeded forecasts.
1.Advantest Corporation, +13,3% – a Japanese manufacturer of semiconductor, fiber-optic, measuring and digital equipment
2. SCREEN Holdings Co., Ltd, +13% – a Japanese manufacturer of semiconductor technology, liquid crystal displays, optical disks and information carriers
Top Losers – The World Market
1. China Minsheng Banking Corp Ltd – a Chinese bank
2. China Evergrande Group – Chinese real estate and development company.
Top Gainers – Foreign Exchange Market (Forex)
1. USDRUB, EURRUB - the growth of these charts means the weakening of the Russian ruble against the US dollar and the euro.
2. EURHKD, EURGBP - the growth of these charts means the strengthening of the euro against the Hong Kong dollar and the British pound.
Top Losers – Foreign Exchange Market (Forex)
1. USDPLN, USDCZK - the drop in these charts means the weakening of the US dollar against the Polish zloty and the Czech koruna.
2. USDTRY, USDZAR - the drop in these charts means the strengthening of the Turkish lira and the South African rand against the US dollar.