What is pulling the stocks down?
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
Asia equities rise after tax reform optimism backs Wall Street
On Friday, Asian shares grew after optimism over American tax reform plans raised Wall Street equities to fresh maximums, and the US currency hovered near a seven-week high because new indicators pointed to firm economic surge.
MSCI's index of Asia-Pacific equities MIAPJ0000PUS tacked on 0.3%, braced for a 1.6% profit on the week.
Japan's Nikkei N225 soared 0.25% having set a fresh two-year maximum. Meanwhile, Australian shares AXJO rallied 0.8%, South Korea's KOSPI added 0.9%.
As a matter of fact, on Thursday, the S&P 500 reported its sixth straight record maximum, which is its longest winning streak since 1997 because market participants appreciated prospects for a tax overhaul with Congress getting closer to an anticipated agreement on a budget resolution.
The latest uptick in American economic optimism raised Treasury yields and also helped take the US dollar index versus a basket of key counterparts to the seven-week maximum.
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Important events on February 17-21
Will coronavirus continue keeping the markets in fear? What releases should we wait for? Find out in the news!
TESLA needs more money
Tesla stock drops in premarket trades on Thursday. Why? See the article (it's short) and use it to your advantage.
Latest news
ZAR: an intriguing speech
The South African Finance Minister is delivering a budget speech today. There may be a strong impact on ZAR, so what's going to happen?
CAD: is Canadian GDP puzzled?
Canadian monthly GDP will be out at 15:30 MT time on Friday.
The assets wrap: the best, the worst, and the most volatile
Let’s consider the best and the worst-performing assets as Monday’s session kicks in.
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