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 stocks surge ahead of Yellen
On Wednesday, Asian stocks managed to tack on after Wall Street weathered a fresh twist in the controversy over Donald Trump's hypothetical connection with Russia, while market participants looked ahead to Fed Chair Janet Yellen's comments.
Outside Japan MSCI's broadest index of Asia-Pacific stocks soared 0.4%. Japan's yen-sensitive Nikkei tumbled 0.3% on the yen's revenues, though MSCI's dollar-denominated Japan index inched up 0.4%.
American shares took a brief dip after emails unveiled Trump's eldest son welcomed assistance from a Russian lawyer for his dad’s 2016 election campaign versus Hillary Clinton. Nevertheless, by the closing bell, Wall Street stocks recovered from their losses.
The US currency failed to revive after the damage inflicted by the recent twist in the Trump campaign's hypothetical links with Russia.
The evergreen buck dived 0.3%, hitting 113.60 yen, diving from a four-month peak of 114.495 yen hit on Tuesday.
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!
WTI was at $20 per barrel just in the beginning of the day. Currently - above 25$.
27,000 people became unemployed in private sector
The US Non-farm payrolls, also known as NFP, will be published on April 3, at 15:30 MT time.