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?
Financials and Danone back European equities
On Tuesday, European equities grew in early deals, reviving further ground because geopolitical tensions relieved in holiday-thinned trading.
The pan-European STOXX 600 index gained 0.3%, blue chips soared 0.5%.
Britain's FTSE 100 headed north 0.2%, Germany's DAX grew 0.5%. Meanwhile, Italian and Austrian markets were unavailable for a holiday.
As for financials, they managed to extend their profits from the previous trading session, having been affected heavily in the latter part of the previous week because tensions rallied between America and North Korea.
The German potash miner K+S lost 3%, which is close to a four-month minimum having told it was unlikely to meet its 2020 earnings EBITDA objective, blaming a slow revival of potash prices.
Retailer Next's equities went down 2.9% right after Berenberg reduced its rating on the stock for the purpose of selling from hold.
Earnings also bolstered some market moves, with fund supermarket Hargreaves Lansdown losing 1.3% after posting its full-year outcome.
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 was at $20 per barrel just in the beginning of the day. Currently - above 25$.
27,000 people became unemployed in private sector
The US Non-farm payrolls, also known as NFP, will be published on April 3, at 15:30 MT time.