World markets have stabilized after Monday’s plunge and look set for a second day of gains on Wednesday, after more sober assessments of the economic impact of the Chinese virus, robust U.S. consumer confidence readings and upbeat results from Apple.
later on Wednesday, U.S. economic sentiment remains high. Consumer confidence rose to a five-month high this month, according to the Conference Board’s monthly survey.
Apple rose almost 3% during the trading session and added 2% after hours when it reported sales and profits for the holiday shopping quarter. IPhone sales rose demand soared for add-ons like AirPods wireless headphones. Apple suppliers are expected to get boost in Europe today as a result. Microsoft, Facebook and Boeing all report later.
The dollar strengthened, with sterling struggling to remain over $1.30 after sliding below that on Tuesday amid speculation the Bank of EnglandIn European corporate news, British Airways owner IAG rose 0.6% even after it suspended all direct flights to and from mainland China. Wizz Air gained 0.2% after it
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