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Markets Affected By Coronavirus! Lockdown In Beijing? Nikkei And Kospi Prices Dropping, Awaiting Microsoft (MSFT) And Apple (APPL) Earnings

Markets Affected By Coronavirus! Lockdown In Beijing? Nikkei And Kospi Prices Dropping, Awaiting Microsoft (MSFT) And Apple (APPL) Earnings | FXMAG.COM
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Market moods have deteriorated as the Covid situation in China is not improving and the media is hinting that Beijing could be next in line for a lockdown after Shanghai and several other major cities. Negative moods could be noticed during the Asian session today with Nikkei dropping 1.7%, Kospi 1.4% and indices from China falling up to 3% lower and they extended into the start of the European session with the majority of european indices trading lower despite some reassurance arrived following Emmanuel Macron’s victory in the French elections.

While there is a lack of significant data releases today, investors and traders will be keeping an eye on developments surrounding the situation as risk-off moods dominate the markets


 

Read next (by XTB): Follow EUR/USD, EUR To GBP And The Rest Of EUR Pairs - Inflation In Euro Area Continues To Worry Investors After Reaching New High | FXMAG.COM


 

 

Furthermore, as China is the second largest economy in the world, the situation also has a big impact on commodity markets with oil and industrial metals dropping significantly today (WTI dropped 2.8% and fell below $99 per barrel). While there is a lack of significant data releases today, investors and traders will be keeping an eye on developments surrounding the situation as risk-off moods dominate the markets. In addition, this will be a key week for the Wall street earning season with the release of several mega cap earnings including Microsoft, Apple, Alphabet, Amazon and Twitter which could certainly have a noticeable impact on sentiment.


 

Read next (by XTB): (TSLA) Tesla To Beat A Record!? (NFLX) Netflix Earnings Has Moved The Markets, But Elon Musk's Company Surely Has Something Up Its Slevee! | FXMAG.COM


 

markets affected by coronavirus lockdown in beijing nikkei and kospi prices dropping awaiting microsoft msft and apple appl earnings grafika numer 1markets affected by coronavirus lockdown in beijing nikkei and kospi prices dropping awaiting microsoft msft and apple appl earnings grafika numer 1

 


Walid Koudmani

Walid Koudmani

Market Analyst working in UK-Italian-Arabic markets covering a broad range of assets including stocks, commodities, FX and crypto. English, Italian and Arabic Speaker with a B.A in Business Management. Quoted in many prestigious publications including the Guardian, Barrons and Lefigaro and winner of bloomberg top forecast rank Q-2/Q-3 2020. 


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