{"id":164103,"date":"2020-04-27T21:01:15","date_gmt":"2020-04-27T21:01:15","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=164103"},"modified":"2020-04-27T22:29:42","modified_gmt":"2020-04-27T22:29:42","slug":"re-opening-plans-bolster-world-markets","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/re-opening-plans-bolster-world-markets\/","title":{"rendered":"Re-opening plans bolster world markets"},"content":{"rendered":"

From New Zealand<\/a> to Slovakia, several countries on Monday the announced plans to ease their lockdowns and gradually re-open their societies as the numbers of new cases continues to decline. This optimism lifted markets, from Asia where the Nikkei rallied 2.71% to the German DAX, up 3.13%. In New York, the Dow rose 1.51% and closed above its 50-day moving average for the first time since March 4. The TSX also climbed 1.54%.<\/p>\n

Quebec<\/a> announced tentative steps by re-opening elementary schools and daycares opening starting May 11 (Montreal on May 19) under certain conditions. The province, which bears the highest number of COVID-19 cases, will also triple daily medical testing. In contrast, Ontario<\/a> announced a broad plan to re-open, but did not specify a schedule, which frustrated some. Re-opening will depend on medical data. In particular, Ontario is battling the virus in its long-term care homes for the elderly.<\/p>\n

Monday was a risk-on session which saw the real estate sector soar nearly 5% and financials by 3%. Fairfax Financial<\/a> popped nearly 10% while Chartwell<\/a> and Sienna<\/a> (both battling the virus in a portion of their retirement homes) rose over 8%. Surprisingly, Canopy<\/a> grew like a weed by more than over 12%. CN<\/a> reported a Q1 earnings<\/a> beat and that it would maintain its dividend, but withdrew its forecast, like so many companies recently. On Wall Street, the big gainers included Disney<\/a>, up 4.81% and JPMorgan<\/a> up 4.31%.<\/p>\n

Underscoring Monday’s rally was the continuing plight of crude oil. WTI plunged 23% to below $13 while WSC shed 21% to fall below $7. Despite deep cuts by OPEC, the problem remains of where to store all this oil until drivers return to the roads.<\/p>\n

🏛 Fairfax Financial<\/a> +10%
\n🏘 Chartwell Seniors Housing<\/a> +8%
\n🏘 Sienna Senior Living Inc<\/a> +8%
\n🌿 Canopy Growth Corp.<\/a> +12%
\n👸 Walt Disney<\/a> +4.81%
\n🏛 JP Morgan Chase & Co<\/a> +4.31%<\/p>\n","protected":false},"excerpt":{"rendered":"

From New Zealand to Slovakia, several countries on Monday the announced plans to ease their lockdowns and gradually re-open their societies as the numbers of new cases continues to decline. This optimism lifted markets, from Asia where the Nikkei rallied […]<\/p>\n","protected":false},"author":12,"featured_media":345019,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[],"class_list":["post-164103","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/164103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=164103"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/164103\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/345019"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=164103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=164103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=164103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}