There are some doubts about Apple sustainability amid coronavirus. Who will buy and who will produce new IPhones?
European equities start higher
On Wednesday, European equities started higher underpinned by revenues in the energy sector caused by a soar in crude prices. Meanwhile, market participants waited for the Fed’s policy verdict due later in the day.
In European morning trade, the EURO STOXX 50 gained 0.24%, Germany’s DAX 30 earned 0.09% and France’s CAC 40 soared 0.45%.
Traders were hoping that the Fed’s rate statement is going to disclose more about the bank’s plans for the second half of 2017, with markets focused on details of when and how the bank will start diminishing its $4.5 trillion balance sheet.
Market participants also pay attention to the investigation into hypothetical links between Russia and Donald Trump during the previous year’s election.
On Wednesday, a soar in crude prices pushed energy-related equities up. Stocks in French crude and gas major Total SA inched up 0.31%, Italy’s ENI gained 0.83%, and Spanish counterpart Repsol surged 0.65%.
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