There are some doubts about Apple sustainability amid coronavirus. Who will buy and who will produce new IPhones?
European equities climb up on reviving reflation trade
On Tuesday, strength among commodity companies as well as banking equities, not to mention a string of solid updates underpinned European equities in early deals.
The STOXX 600 index rallied 0.3% backed by strength in mining companies and banks, while blue chips managed to earn 0.4%.
Germany's DAX leapt 0.1%, while the commodity-heavy FTSE 100 acquired 0.5%.
Dutch paints producer Akzo Nobel happened to be one of the greatest individual drags on the STOXX. Nevertheless, it dropped 1.3% as its second quarter profit ruined expectations.
Updates also put pressure on paper maker UPM, chocolate maker Lindt & Spruengli, chemicals company Croda International, as well as Domino's Pizza. Their average losses ranged 3-6.5%.
Although it’s still early days for the EU second quarter earnings season as just 20% of companies have provided updates, more than half of them have surpassed experts’ expectations, as Thomson Reuters data states.
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?
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
US Fed comes right on time with the crisis support program announcement. How does the stock market react?
We could gain from buying emerging-market currencies such as South African rand, Mexican peso and Brazilian real.
Here are the most important topics that will determine the dynamics of currencies, commodities and stocks on Thursday, April 9. N