Categories: General Market Commentary
Topics: General Market Commentary

Easing restrictions lifts sentiment

US market futures were negative but elsewhere was pointing higher as some governments start to ease COVID-19 restrictions.

Most commodity prices rose yesterday on the London Metal Exchange, where copper gained more than 1%.

The global number of COVID-19 cases has risen above 3 million, according to Johns Hopkins University, while the World Health Organisation put the figure yesterday about 2.88 million and noted Spain had changed its reporting criteria which meant a decrease of 12,130 cases.

The S&P 500 had closed up 1.47% yesterday, the FTSE 100 rose 1.64% and Japan's Nikkei 225 closed up 2.71%.

Metals and mining equities were up 1.9% in Toronto yesterday.

Among the market risers, Mawson Resources (TSX: MAW) continues to climb.

The Finland-focused explorer hit a 52-week high yesterday and closed up more than 45%, with no news since last week's report of finding a new, high-grade gold and cobalt zone at its Rajapalot project.

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