Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
European equities stand still as world braces for trade conflict
On Friday, European equities started in positive territory due to the fact the trade clashes between China and the United States intensified, with American duties on $34 billion on Chinese imports coming true and China instantly responding.
The STOXX 600 index managed to ascend by 0.3%, Germany's exporter-heavy DAX inched up by 0.2%.
As for Chinese stock markets, they tacked on in late trading having reached two-year minimums in the morning trading session.
A great number of market participants are assured that the European bloc is going to stay on the sidelines of the trade conflict. They also suggest that the American confrontation with China appears to be a typical negotiating posture that won’t provoke a slump in global trade.
With high expectations for another corporate earnings season bursting out in less than two weeks, a lot of market participants didn’t want to have European stocks sold.
As some sources revealed, second-quarter revenues for STOXX 600 companies are supposed to edge up about 8.7% from the same period of 2017.
As for individual equities, stocks in Britain's Inmarsat reported the worst performance, inching down close to 9% right after it had a takeover offer from Echostar rejected.
Additionally, Swedish lock maker Assa Abloy went down abruptly, losing 7% having reported a one-off costs of 6 billion crowns.
Meanwhile, Altice Europe tacked on by 4.7%. It’s because speculation about probable mergers within France’s telecoms are actually resurfacing, while French conglomerate Bouygues told it was ready to grasp opportunities to have its telecoms business beefed up.
Germany's Thyssenkrupp managed to ascend by 3.4% after its CEO proposed to step down, pointing to soaring investor pressure for a greater restructuring of the group.
As for the equities of French investment group Eurazeo, it tacked on by 4.5%, which is the STOXX 600's top performance.
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.
Let’s consider the best and the worst-performing assets as Monday’s session kicks in.
Australian Quarterly Private Capital Expenditure will be announced at 02:30 MT time on Thursday.
CB Consumer Confidence index will be announced at 17:00 MT time on Tuesday.