Global markets fluctuate due to coronavirus

Global stock markets are moving mixed on Monday due to conflicting influences: company reporting and the rise in the number of cases of coronavirus infection in China. U.S. indexes on Friday fell within 0.8% mainly due to a drop in Facebook and Twitter stock prices. Social media securities became cheaper amid Snap’s message, which acknowledged that its advertising revenue declined greatly due to Apple’s new advertising policy. Now applications are required to ask users what they want whether they should be monitored.

Asian exchanges on Monday add up to 0.5% on major indices pending the release of Hyundai, Sony and LG Electronics financial results. At the same time, the deterrent to the growth of stock indices is the increase in the incidence of coronavirus infection in China and the measures of the authorities to contain it.

European markets continue to grow on good reporting by the region’s largest companies. The revenue of the French L’Oreal for three quarters amounted to 23.2 billion euros, and for the third quarter – almost 8 billion In addition, news from China about the situation with the large problem developer Evergrande also had a positive impact on the market. The company, which was on the verge of default, nevertheless made an overdue payment of $83.5 million to pay interest on bonds.

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