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 slip at close of trade
On Monday, British equities generally slipped after the close. It occurred due to the fact that losses in the Pharmaceuticals & Biotech, General Industrial as well as Tobacco sectors suppressed equities.
In London, at the close of trade, the Investing.com United Kingdom 100 headed south by 0.30%.
On the Investing.com United Kingdom 100, the top-notch gainers were represented by Reckitt Benckiser Group PLC – they managed to go up by 4.64% concluding the trading session at 6296.00. Besides this, Micro Focus International PLC managed to rally by up to 4.08% being worth 1748.50. As for Next PLC, its shares jumped by 2.84% concluding the trading session at 4858.00.
As for the worst performers of the trading marathon, they were represented by Old Mutual Ltd that slumped by 2.72% coming up with an outcome of 124.52. Besides this, Hikma Pharmaceuticals PLC went down by 2.30% showing 1718.50, while International Consolidated Airlines Group S.A. headed south by 2.11% concluding the trading session at 649.80.
On the London Stock Exchange, ascending equities managed to outnumber slipping ones by 1186 to 851, while 349 didn’t change.
Meanwhile, April delivery gold futures managed to tack on by up to 0.15% ending up with $1329.70 a troy ounce. As for other commodities, April delivery crude futures headed north by 0.88% trading at $56.47 a barrel. April delivery Brent crude futures inched up by up to 0.38% ending up with a reading of $66.50 a barrel.
Aside from that, the currency pair GBP/USD tacked on by up to 0.30% showing an outcome of 1.2928. Besides this, the currency pair EUR/GBP tumbled by 0.05% being worth 0.8750.
As for the US Dollar Index Futures, they decreased by 0.12% hitting 96.620.
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 $20 per barrel just in the beginning of the day. Currently - above 25$.