There are some doubts about Apple sustainability amid coronavirus. Who will buy and who will produce new IPhones?
Asian stocks show mixed performance with China getting a boost
On Monday, Asian stocks were mixed in thin regional trade amid Mainland China getting a boost.
Meanwhile, the ASX 200 went down 1% in Australia. The heavily-weighted financials subindex slumped 1.28% because key banking equities were pressured. Stocks of ANZ slumped 1.26%, Westpac dipped 1.54%, Commonwealth Bank lost 0.96%, and the National Australia Bank declined 1.44%.
Japan's benchmark Nikkei 225 sank 0.84%, while the Shanghai composite managed to add 0.11%. Additionally, the Hang Seng index surged 0.46% in Hong Kong.
The previous week, American shares retreated from record peaks on the back of ascending American political jitters as well as an earnings report from General Electric, which undershot Wall Street forecasts bringing the broader market lower.
On Friday, the political scandal involving Donald Trump heated up right after Special counsel Robert Mueller urged the White House to preserve all documents regarding the June 2016 meeting that US President as well as other associated had with a Russian attorney.
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