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 stocks struggle as M&S, Pearson dip
On Tuesday, blue chip shares in Great Britain struggled, with Pearson PLC stocks swinging steeply lower on the eve of a $1 billion stake-selling deal. Meanwhile, Marks & Spencer Group PLC stocks sagged after the department-store operator released a trading update.
The FTSE 100 index UKX decreased 0.7% being worth 7,317.26, while only the basic materials group managed to gain. On Monday, the index tacked on 0.3%.
Pearson PLC PSON stocks lost 6.2%, though they had been up approximately 3% during early trade after the education and publishing company told it’s already selling its 22% stake in Penguin Random House for up to $1 billion to Bertelsmann SE, German media company, its joint-venture partner.
Marks & Spencer MKS stocks went down 3.5% because the giant retailer told that fiscal first-quarter 2018 like-for-like sales in Great Britain decreased 0.5%. As for food like-for-like sales, they dipped 0.1%, while home sales and clothing lost 1.2%.
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.