Stock market is bleeding: what do you need to know
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?
Asian equities are intact as traders wait for Fed clues
On Wednesday, Asian equities didn’t change and the greenback held firm because traders awaited the Fed’s highly anticipated policy verdict later in the day for more prompts on its tightening plans.
The major US bank concludes a two-day gathering later on Wednesday, and it’s generally supposed to keep interest rates on hold.
Outside Japan MSCI's broadest index of Asia-Pacific equities was nearly intact, though drew moderate support after the S&P 500 rallied to an all-time maximum overnight on well-received outcomes from McDonald's as well as Caterpillar in addition to bank share revenues.
Australian shares surged 1% with a smaller-than-expected ascend in local inflation backing views that interest rates are going to remain at record minimums for some time to come. Additionally, the Australian dollar lost 0.3% sliding to $0.7918.
Japan's Nikkei gained 0.5% after the evergreen buck jumped versus the Japanese yen overnight to drift away from seven-week minimums.
As for Shanghai, it decreased 0.2%, while in South Korea KOSPI slumped 0.3%.
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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.
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!
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