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 stocks mostly tack on
On Friday, European stock indexes mostly gained. The French indicator turned out to be the only exception.
The index of the leading businesses of the Stoxx Europe 600 region headed north during the trading session by 0.2% coming up with 385.37.
The British FTSE 100 soared by 0.4%, the German DAX managed to acquire by 0.2%. Additionally, the Spanish IBEX 35 rallied by 0.1%, the Italian FTSE MIB index inched up by 0.4%, while the French index CAC 40 demonstrated a 0.3% dive.
Trader's attention is currently focused on the April data and also unemployment in the US, which is going to be uncovered by the US Labor Ministry soon. Experts on Wall Street on average expect an ascend in the number of jobs in America the previous month by about 188 thousand as well as a tumble in unemployment to 4% from 4.1%.
In April, the average hourly wage in America surged by approximately 0.2% versus the previous month. By the way, in March, the jump accounted for 0.3%.
Trade talks between the United States and China, held in Beijing, closely watched by traders, finished on Friday without definite outcomes. Some sources informed that the parties managed to come to an agreement on several issues, although there are moments in which the views of China and America differ greatly, and these points will be discussed one more time.
The shares of banks BNP Paribas as well as Societe Generale dived by 2.4% and 3.2% respectively.
British HSBC Holdings moderately diminished its net revenue in the 1st quarter of this year amid a considerable leap in operating expenses.
Besides this, equities of mining companies tacked on today after a considerable dive in the previous session.
In Germany, the consolidated PMI sank to 54.6 points in April from 55.1 points.
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!
WTI oil prices jumped up after Donald Trump’s 2 tweets
Today the US nonfarm payroll data will be reported that could cause fluctuations of the market.
WTI was at $20 per barrel just in the beginning of the day. Currently - above 25$.