Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
European equities are on back foot
On Monday, European equities slumped because market participants took a cautious view of the approaching coalition tussle in Germany, reacting to elections in which Chancellor Angela Merkel managed to grasp a fourth term, although ended up seeing her party weakened by an ascend in support for the far-right.
Financial market demonstrated rather a muted reaction to currencies. The common currency took a hit, although the vast majority of regional benchmarks were intact to lower as traders took the view that a coalition government in Germany could confound some expectations for firmer euro zone integration going forward.
The STOXX 600 was nearly intact, while euro zone blue chips slumped 0.1%. In Germany, DAX went down 0.1%.
In Spain, IBEX kept lagging its counterparts, and it lost 0.6% in early trades. Apparently, the surging political crisis in Spain over Catalonia's shocking campaign for independence heavily affected equities.
Will coronavirus continue keeping the markets in fear? What releases should we wait for? Find out in the news!
Tesla stock drops in premarket trades on Thursday. Why? See the article (it's short) and use it to your advantage.
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?
Canadian monthly GDP will be out at 15:30 MT time on Friday.
Let’s consider the best and the worst-performing assets as Monday’s session kicks in.