Covid-19 is jeopardizing Apple’s plans
There are some doubts about Apple sustainability amid coronavirus. Who will buy and who will produce new IPhones?
EU markets start higher
On Wednesday, European markets started higher because hawkish comments by Fed Chair Janet Yellen drove market sentiment.
The EURO STOXX 50 ascended 0.66%, Germany’s DAX 30 gained 0.48% and France’s CAC 40 rallied 0.26%.
In Tuesday’s speech Fed Chair Janet Yellen told that the Fed needs to keep raising rates gradually notwithstanding uncertainty regarding the path of inflation.
Meanwhile, market participants started accepting the fact that German Chancellor Angela Merkel is going to have months of coalition negotiations to form a stable government.
Political risk in Spain is still actual, with the Catalan authorities intending to hold a referendum on whether to break up with Spain on Sunday notwithstanding opposition from the Spanish government.
In general, financial equities grew because French lenders BNP Paribas and Societe Generale rallied 0.45% and 0.29% respectively. At the same time Commerzbank and Deutsche Bank soared respectively 1.17% and 1.24% in Germany.
FTSE 100 jumped 0.44% in London.
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Covid-19 is jeopardizing Apple’s plans
There are some doubts about Apple sustainability amid coronavirus. Who will buy and who will produce new IPhones?
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