There are some doubts about Apple sustainability amid coronavirus. Who will buy and who will produce new IPhones?
European stocks dip as Ericsson sags
On Tuesday, European shares went down reacting to dismal outcomes from blue chips Ericsson and Lufthansa. Meanwhile, scaled-back hopes for monetary tightening by key banks drove some profit-taking in financials.
The STOXX 600 declined 0.3% because the basic resources sector dipped more than 1%.
Ericsson descended 11%, after reducing its forecast for the mobile infrastructure market and posting a wider than expected loss, which is another blow to a company already undertaking cost cuts.
Nokia stocks lost 2.9% because market participants read across to the Finnish mobile equipment producer.
Banks slid 0.5%,after comments from Fed and ECB policymakers, which pointed to a slower rate of monetary tightening in the EU and America than many traders were expecting.
Zalando applied pressure on the retail index right after it posted decreasing sales growth. The EU’s leading online fashion retailer told capacity problems at fresh warehouses held them back.
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