(27 April 2020)DAILY MARKET BRIEF 2:Oil remains under pressure

<p>Back to Europe and UK, the activity is expected to decline by 9% and 7.5% this year according to Goldman Sachs, which warns that the contraction could be as much as 16%, in line with the ECB President Lagarde’s prediction of a 15% decline, if the reopening is slower than expected.</p>
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<p>Still, the market mood is better this Monday. Beta-currencies are up against the US dollar, the US 10-year treasury yield advanced to 0.624 as the US dollar index tests the 100 mark to the downside.</p>
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<p>Gold remained capped below the $1730 per oz on the back of an improved investor appetite and higher government bond yields.</p>