(30 March 2020)DAILY MARKET BRIEF 1:Everyone wants a deal with Saudi.
<p>Not surprisingly, last week’s enthusiasm over the Federal Reserve’s (Fed) pledge to buy unlimited amount of assets and the US government’s historical $2-trillion rescue package didn’t last long.</p>
<p>The Dow closed Friday’s session 4% lower, as S&P500 (-3.37%) and Nasdaq (-3.79%) broke a three-day winning streak before the weekly closing bell.</p>
<p>Meanwhile, the national emergency situation in the US was extended to April 30 as the death toll increased past 2000, shattering Donald Trump’s hopes of seeing the economy getting back to a better shape before mid-April.</p>
<p>One thing is sure, the Western world is headed for a dim Easter 2020.</p>
<p>Asian stocks kicked off the week on a mixed note. The ASX 200 gained 7%, Nikkei fell 1.57%, as Hang Seng (-0.67%) and Shanghai’s Composite (-0.87%) traded in the red.</p>
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