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 move up
On Thursday, British equities managed to jump after the close. It can be explained by the fact that gains in the Mining and Automobiles & Parts and Industrial Metals & Mining sectors gave considerable support to British equities.
The United Kingdom 100 index was seen ascending by nearly 0.45%.
On the United Kingdom 100 index the top-notch performers were represented by such equities as Anglo American PLC that managed to tack on by approximately 2.82% coming up with an outcome of 1721.60. In addition to this, the equities of Intu Properties PLC edged up by 2.41% concluding at 186.90. As for Ashtead Group PLC, its equities ascended by up to 2.10% being worth 2231.00 in late trade.
On the contrary, the top losers included the stocks of Associated British Foods PLC. The equities of this company headed south by approximately 4.16% offering an outcome of 2604.00. In addition to this, the shares of the Berkeley Group Holdings plc inched down nearly 2.17% concluding the trading session with the reading of 3612.00. As for Land Securities Group PLC, these equities slumped by approximately 1.80% showing a result of 942.70.
On the London Stock Exchange ascending equities managed to outclass losing ones by 1102 to 887. At the same time, up to 317 didn’t change.
As for commodities, August delivery gold futures managed to ascend by approximately 0.38% being worth $1258.30 a troy ounce. Besides this, August delivery crude futures went down by 1.32% coming up with a reading of $73.16 a barrel. As for September delivery Brent futures, they dived by 0.13% concluding the trading session at $78.14 a barrel.
The currency pair GBP/USD tumbled by about 0.01% reaching 1.3226. The currency pair EUR/GBP tacked on by 0.36% being worth 0.8842.
Furthermore, the US Dollar Index Futures declined by 0.08% hitting 94.11.
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 $20 per barrel just in the beginning of the day. Currently - above 25$.