Exchanges in the US will be closed in observance of Good Friday and those in Europe will also be closed on Easter Monday. However, it will mark an interesting trading day on Friday with markets taking in March labor market data that could help provide further evidence that the US economy is recovering from the worst pandemic in more than a century.
The Securities Industry and Financial Markets Association, a brokerage industry trade group that recommends stocks for the bond market, such as trading the 10-year Treasury note TMUBMUSD10Y, 1.684%, reports that bond traders settle trades on Mondays that take place during the next 48 hours, an unusual situation but one that explains the rare publication of important data during a stock market holiday. (Last year, the bond market closed an hour earlier, at 2 p.m. ET on Thursday, and was closed on Good Friday.) Read: The Easter holiday schedule could leave bond traders vulnerable to a highly successful business day. Meanwhile, the New York Stock Exchange, owned by the Intercontinental Exchange, and the Nasdaq will remain closed on Friday. Good Friday is a peculiar holiday for financial markets in the US because Good Friday is not a federal holiday. In fact, it is one of the few holidays that is not so much Wall Street holidays as federal holidays. These include Columbus Day and Veterans Day, which are federal holidays but not Wall Street vacation days. Trading in US stocks this year will resume on the exchanges on Easter Monday; however, the London Stock Exchange will remain closed on both Good Friday and Easter Monday, along with other European stock exchanges such as the DAX DAX in Frankfurt, + 0.66%, and the CAC 40 PX1 in France, + 0.59%, for example. Read: Archegos mayhem indicates rampant ‘fear of missing out’ on Wall Street, GMO’s Inker told MarketWatch that benchmark indices of US equities ended the first quarter with gains, but uncertainty over the outlook persists. The Dow Jones Industrial Average DJIA, + 0.52% was up 7.8%, the S&P 500 was up 5.8% and the Nasdaq Composite Index COMP, + 1.76% was up 2.8%. The Russell 2000 Small Cap RUT, + 1.06% jumped over 12%. Commodity markets will also be closed on Good Friday, including trading in GC00 gold, + 0.87% and CL00 oil futures, + 3.53% CL.1, + 3.53%. Meanwhile, market participants are considering the infrastructure plan that President Joe Biden proposed on Wednesday, following a $ 1.9 trillion COVID aid package that could amplify the economic rebound and possibly cause a spike in inflation, which it could generate turbulence in the valuations of the shares that are considered high. by some measures.