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Weekly Market Overview 29/03-02/04/2021 (en)

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Weekly Market Overview 29/03-02/04/2021

This week you can read about how the Greek, European, US and APAC markets fluctuated during the past week. In Greece, the General Index started the month, exceeding 870 points, influenced by the positive climate prevailing in foreign markets. European stocks reached near-record highs due to optimism in European markets for a forthcoming recovery. In the US, amidst a shortened week due to Easter Holidays, President Joe Biden’s proposal for a new $ 2 trillion recovery package has fueled the global investment community with optimism, pushing the S&P 500 to record highs, also offsetting the turmoil caused by the Archegos Capital Management’s unexpected liquidation of $20 billion worth of shares held by the hedge fund due to excessive leverage. In our stock section you will find analyses of Deliveroo, whose share plummeted by 26% in its first trading day and of Spotify which announced the acquisition of Betty Labs. In APAC, Chinese markets outperformed the past week, while markets in Japan performed similarly, with the dollar/yen reaching 12-month highs. On commodities, OPEC+ shocks the market by gradually increasing oil output, despite the fact that demand outlook is worsening.