Important events on February 17-21
Will coronavirus continue keeping the markets in fear? What releases should we wait for? Find out in the news!
Political tensions put EU equities on track for this year’s worst week
A sell-off among heavyweight basic resources equities added to the third day of losses for European equities, putting them on track for their worst trading week in 2017. It’s because ongoing political tensions dented shares around the globe.
The STOXX 600 lost 0.7%, taking its weekly dips to 2.4%, which is its worst outcome since early November 2016.
Euro zone equities as well as blue-chips also slumped 0.7%. Meanwhile, the miner-heavy FTSE underperformed – the given benchmark demonstrated a 0.8% loss.
The key European indicator of equity investor anxiety, Eurostoxx volatility leapt to a near four-month maximum, although it remained close to historically depressed levels.
Asian and American stock markets had managed to extend their sell-off overnight because a war of words between North Korea and America escalated.
On Friday, basic resource equities sank 2.6% hitting a month minimum because Chinese base metal prices collapsed on political pressures.
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Important events on February 17-21
Will coronavirus continue keeping the markets in fear? What releases should we wait for? Find out in the news!
TESLA needs more money
Tesla stock drops in premarket trades on Thursday. Why? See the article (it's short) and use it to your advantage.
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