Equities volatile, dollar eases on Wednesday.


Wednesday has brought with it another day of volatility, and equities jumped up and down, with bulls a bit cautious after yesterday's significant reversal.

Shortly after the opening bell, all three major US indices were circa 1% stronger but seemed to lack further bullish momentum.

Earlier today, the OECD said its leading indicators, which are designed to flag turning points in economic activity, suggested all major economies had plunged into a "sharp slowdown" with only India registering as being in a mere "slowdown." 

The indicators were flagging "the largest drop on record in most major economies," the Paris-based OECD said in a statement, adding that huge uncertainty over how long lockdowns would last severely muted their predictive value.

Oil managed to erase some of its Tuesday's losses and was trading circa 2% higher during the afternoon session, changing hands at around 25 USD for the WTI benchmark. 
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