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?
British equities conclude up
On Thursday, the British stock market concluded the trading session up. It was caused by the strengthening sectors of the food industry as well as medicine, gas and water and oil and gas.
At the time of closing on the London Stock Exchange the UK 100 inched up by 0.78%, hitting a historic maximum.
The leading performers among the components of the index UK 100 were equities of Experian PLC that managed to ascend by 5.59% to conclude at 1.804,50. Equities of the National Grid PLC tacked on by 3.80%, coming up with 864.10. Paper Capita PLC surged by up to 3.58%, closing at 131.80.
The leaders of the sink were stocks of Royal Mail PLC that slumped by 7.16%, ending up with 555.00. HargreavesLansdown PLC inched down 1.55%, demonstrating an outcome of 1.941,00, while Mediclinic International PLC dived by 1, 47% resulting in 671.00.
The total number of more expensive securities (1,107) on the London Stock Exchange surpassed the number of closed stocks in the red (789). At the same time the quotes of 348 shares were intact.
Stock prices for Experian PLC ascended to a historic maximum, adding 5.59%, and concluding the trading session at 1.804,50.
In addition to this, June delivery gold futures went down 0.14%, hitting $1.289.70 per troy ounce. As for other products, June delivery WTI futures managed to ascend by up to 0.25%, showing a result of $71.67 per barrel. Meanwhile, July delivery Brent futures soared by 0.81%, ending up with $79.92 per barrel.
Apart from that, the currency pair GBP/USD pair inched up 0.22%, concluding with a reading of 1.3517 on the Forex market. Meanwhile, the pair EUR/GBP inched down 0.26%, demonstrating a result of 0.8731.
Futures on the USD index tacked on by 0.09% closing the trading session at 93.35.
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 $20 per barrel just in the beginning of the day. Currently - above 25$.