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?
Asia stocks grow with greenback
On Wednesday, Asian stocks grew ahead, while the greenback along with commodities held revenues as market participants shook off disappointment about Donald Trump's failed healthcare bill and also focused on an improving outlook for global surge.
The good cheer didn’t extend to the British pound which turned to be on the skids as the British government sent a letter to Brussels. It was a formal start of the country's exit from the European Union.
MSCI's broadest index of Asia-Pacific stocks outside Japan soared 0.2% and back toward recent 21-month highs. Australia's main index grew 0.8% to its highest value since mid-2015.
Japan's Nikkei N225 gained 0.1%, with a number of ex-dividend shares dropping about 130 points from the index. Spreadbetters pointed to modest opening revenues for European bourses, while S&P 500 futures gained 0.1%.
The British pound dipped 0.3%, hitting $1.2414 after British Prime Minister Theresa May signed a letter, which notifies the European Union of the UK’s intention to leave the bloc.
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!
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