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?
European shares are intact to lower as sentiment fluctuates
On Thursday, European equities started steady to lower because fresh tensions in Washington affected market sentiment and traders awaited euro zone inflation data due to be issued later in the day.
The EURO STOXX 50 sagged 0.01%, Germany’s DAX 30 dipped 0.12% and France’s CAC 40 soared 0.01% higher.
Market participants were still cautious after Donald Trump dared to disband two high-profile business advisory councils, thus spurring worries over his ability to proceed with his economic reforms.
Traders were also waiting for a final report on euro zone consumer price inflation, not to mention the minutes of the European Central Bank’s recent policy gathering for potential clues on when the major financial institution will start tapering its asset purchase program.
Wednesday’s reports disclosed that ECB President Mario Draghi isn’t going to roll out any fresh monetary policy clues during the US Federal Reserve's Jackson Hole conference.
FTSE 100 inched down 0.17% in London, suppressed by Hikma Pharmaceuticals PLC, whose equities declined 8.50% having lowered its guidance for 2017 generics sales.
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
Will coronavirus continue keeping the markets in fear? What releases should we wait for? Find out in the news!
Moody’s downgraded the country to ‘junk’ status on Friday.
The US economy has been hit hard by the coronavirus outbreak.
The United States will publish ISM manufacturing PMI on April 1, at 17:00 MT time.