The so-called “stock market bloodbath” has continued on Friday with major indices falling down to the lows of the last October. What's going on?
American futures leap
On Thursday, American futures managed to ascend because the NATO summit in Brussels turned out to be in focus and Donald Trump openly backed the alliance.
The S&P 500 futures jumped by about 0.54% being worth 2,789.00. The Dow futures rallied by 0.72% coming up with an outcome of 24,866.0. Additionally, the tech heavy Nasdaq 100 futures surged by approximately 0.47% trading at 7,287.75.
At the NATO summit, in Brussels, US leader told that America is 100% committed to NATO.
Market participants are monitoring trade tensions between the European Union and America. On Thursday, Donald Trump wrote on Tweeter that all NATO nations need to meet their 2% commitment objective, and the number should hit 4%.
On Thursday, earnings season continues, with Delta Air Lines anticipated to post its second quarter outcomes before the starting bell.
Twitter Inc turned out to be among the top-notch performers in pre-market trading session, soaring about 1.71%. Tesla managed to ascend by 0.68%, while semiconductor Micron Technology Inc edged up by approximately 0.52%.
At the same time Netflix headed south by 0.46%, Helios along with Matheson Analytics Inc declined nearly 11.30% right after it reported a stock public offering.
In the world of economy, inflation data and jobless claims are expected to show up soon. The given data will provide market participants with clues as for the health of the American economy.
In the European Union equities tacked on. In Germany, the DAX managed to add 0.57%. In France, the CAC 40 leapt by 0.64%. The FTSE 100 acquired nearly 0.78%. As for Stoxx 50, it jumped up to 0.35%. Additionally, in Spain, the IBEX 35 surged by 0.11%.
Gold futures stood still sticking with $1,244.40 a troy ounce. Crude futures managed to leap by about 0.80% hitting $70.94 a barrel.
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
Will coronavirus continue keeping the markets in fear? What releases should we wait for? Find out in the news!
RBA Rate Statement is released on Tuesday at 07:30 MT time.
WTI oil prices jumped up after Donald Trump’s 2 tweets
Today the US nonfarm payroll data will be reported that could cause fluctuations of the market.