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?
Australian equities conclude up
On Monday, the Australian stock market managed to conclude the trading session up due to the strengthening sectors of real estate funds in Australia, telecommunications services as well as utilities.
The S&P/ASX 200 tacked on 0.54%, thus demonstrating a monthly maximum.
Among the growth leaders in the components of the S&P/ASX 200 index were equities of Galaxy Resources Ltd, which gained 6.25%, concluding at 3.060. Additionally, shares of GWA Group Ltd managed to acquire 4.69%, having finished trading at 3.905. Papers Boral Ltd ascended by 4,55%, concluding at 6,890.
The leaders of the dive were represented by equities of Dominos Pizza, tumbling 3.56% and completing the trading session at 42,310. Shares of Resolute Mining rallied 3.57% just to close at 1.147, while Sandfire Resources NL heads south 2.57% and concluding at 7,950.
On the Sydney Stock Exchange, the number of securities, which rallied (680) surpassed the number of equities, which closed in the red (557). Meanwhile, the quotes of 395 shares were intact.
Equities of GWA Group Ltd tacked on to a maximum, adding 4.69% and concluding trading at 3.905.
The S&P/ASX 200 VIX volatility index, formed on the basis of trading options on the S&P/ASX 200, inched up by approximately 4.06% being worth 12.512.
In addition to this, June delivery gold futures lost 0.22% coming up with $1.320.50 per troy ounce. As for other products, the price of June delivery WTI futures dived by 0.38% trading at $67.84 per barrel. Futures on futures for Brent crude for delivery in July fell 0.46%, or 0.34, to $ 73.45 a barrel.
Meanwhile, in the foreign exchange market, the currency pair AUD/USD headed south 0.20% hitting 0.7566, AUD/JPY sank 0.10% reaching 82.59.
As for futures on the USD index, they tacked on by about 0.03% ending up with an outcome of 91.34.
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 oil prices jumped up after Donald Trump’s 2 tweets
Today the US nonfarm payroll data will be reported that could cause fluctuations of the market.
WTI was at $20 per barrel just in the beginning of the day. Currently - above 25$.