What is pulling the stocks down?
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
European equities are mixed
On Thursday, European equities were a bit changed because profits in financial shares a long with a weaker common currency gave support. At the same time fashion group H&M slumped after dismal outcomes.
The heavyweight banking sector SX7P tacked on 0.5% reaching seven-week maximums, underpinned by hopes that monetary policy would tighten after a series of hawkish remarks from Fed Chair Janet Yellen a bit earlier this week.
Revenues in banking equities, led by German lender Deutche Bank as well as France'sBNP Paribas enabled to compensate dips among basic resources shares SXPP because copper prices slumped.
Meanwhile, the pan-European STOXX 600 index decreased 0.1%, which is below the two-month maximum it hit during the previous session following Donald Trump's tax overhaul proposal.
Germany's export-oriented DAX index grew 0.2%, France's CAC stood still. Spain's IBEX gained 0.1% because worries over the Catalonia independence referendum relieved.
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Important events on February 17-21
Will coronavirus continue keeping the markets in fear? What releases should we wait for? Find out in the news!
TESLA needs more money
Tesla stock drops in premarket trades on Thursday. Why? See the article (it's short) and use it to your advantage.
Latest news
ZAR: an intriguing speech
The South African Finance Minister is delivering a budget speech today. There may be a strong impact on ZAR, so what's going to happen?
CAD: is Canadian GDP puzzled?
Canadian monthly GDP will be out at 15:30 MT time on Friday.
The assets wrap: the best, the worst, and the most volatile
Let’s consider the best and the worst-performing assets as Monday’s session kicks in.
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