There are some doubts about Apple sustainability amid coronavirus. Who will buy and who will produce new IPhones?
Asian stocks are mixed as political risk impacts Tokyo and Sydney
On Wednesday, Asian stocks were mixed with China reporting slight revenues, while Sydney and Tokyo were affected by political risk concerns.
A recently launched North Korean ballistic missile, reportedly capable of a nuclear warhead, fell in Japan’s exclusive economic zone.
The Nikkei 225 inched down 0.52%, while Australia's benchmark S&P/ASX 200 index tumbled 0.16%. Meanwhile, the Shanghai Composite acquired 0.32%, the Hong Kong Hang Seng index gained 0.48%.
According to Wednesday’s Caixin services PMI surge in China's services sector decreased in June. The Caixin services PMI went down to 51.6 from the 52.8 figure observed in May. As for the June composite PMI, taking into account both the manufacturing and services sectors, it sank to 51.1 compared with the 51.5 number observed the previous month.
Overnight, American shares were closed for a holiday ahead of the Wednesday publication of Fed minutes from the June gathering expected to offer greater insight into the likelihood for another rate lift this year.
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?
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
US Fed comes right on time with the crisis support program announcement. How does the stock market react?
We could gain from buying emerging-market currencies such as South African rand, Mexican peso and Brazilian real.
Here are the most important topics that will determine the dynamics of currencies, commodities and stocks on Thursday, April 9. N