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 slide at close of trade
On Friday, Australia stocks inched down after the close. It’s because dips in the Financials, Energy and also Telecoms Services sectors put pressure on equities.
The S&P/ASX 200 lost 0.39% demonstrating a fresh 1-month drop.
Rising respectively 4.85%, 3.25% and 3.26% the benchmarks Syrah Resources Ltd, Resolute Mining Ltd and Isentia Group Ltd appeared to be the best performers of the session on the S&P/ASX 200.
Meanwhile, the worst performance was demonstrated by Flexigroup Ltd, Breville Group Ltd and Retail Food Group Ltd. They slid 3.81%, 3.43% and 3.22% respectively.
Diving equities managed to supplant jumping stocks on the Sydney Stock Exchange by 590 to 588, while 383 concluded intact.
Equities in Flexigroup Ltd went down to 5-year minimums, dipping 3.81% trading at 1.577.
Estimating the implied volatility of S&P/ASX 200 options, the S&P/ASX 200 VIX slumped 0.18% trading at 13.553.
The currency pair AUD/USD grew 0.89% trading at 0.8120, AUD/JPY jumped 0.26% hitting 87.50.
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.