Top Gainers – The World Market
World oil prices continued to rise for the 2nd week in a row. Since May 1, OPEC + countries have limited production by 10 million barrels per day. Some US shale companies joined them. A number of countries reported mitigation of quarantine requirements in the wake of the coronavirus pandemic from May 11-12. All this contributed to an increase in oil demand. Accordingly, oil and trading instruments based on it have emerged as top gainers and losers. Amid the risks of another worsening of the US-China trade war, the yen and the Swiss franc strengthened.
1. Xiaomi Corporation – a Chinese manufacturer of smartphones and Internet devices.
2. Alps Electric Co. Ltd. – a Japanese manufacturer of electronic parts and audio equipment.
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Top Losers – The World Market
1. ThyssenKrupp AG – a German steelmaking company.
2. MBIA Inc. – an American financial and insurance company.
Top Gainers – Foreign Exchange Market (Forex)
Top Losers – Foreign Exchange Market (Forex)
Market Analysis provided by IFCMarkets
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