FTSE 100 LIVE: The London Stock Index Comes Out of a Two-Day Crisis to Open Up in the Green | City and business | Finance

0
70


London’s premier FTSE 100 index opened at 5,597.65 as the coronavirus continues to conquer the world. Gains in battered travel stocks helped the London Stock Exchange emerge from a two-day crisis on Thursday, as investors awaited foreclosure exit plans from major economies.

The benchmark index rose 0.4% at 8:16 a.m.EasyJet gained 7.8% after declaring that measures to consolidate its finances would help it survive a long fleet stranding during the coronavirus.

Cruise ship Carnival Plc and British Airways, owned by IAG, also gained more than 4.5%. The midcap domestic market index rose 0.7%.

Asset manager Schroders rose 2.8% after announcing net new business of £ 30.4 billion, largely due to an influx of assets from Scottish Widows’ investment mandate, offsetting a drop in total assets in the first quarter.

This comes after Health Minister Matt Hancock said the epidemic was starting to peak in Britain but it was too early to lift the lockdown.

Lockdown restrictions are expected to be extended today with a government announcement.

FTSE 100 LIVE: stocks fell as economic outlook weighed

FTSE 100 LIVE: stocks fell as economic outlook weighed (Image: GETTY)

ftse 100

Travel titles helped FTSE 100 progress (Image: GETTY)

Meanwhile, US President Donald Trump is expected to announce “new guidelines” for the reopening of the economy, where claims for unemployment benefits are expected to have exceeded $ 20 million in the past month.

Retail sales in the United States fell the most last month, while manufacturing production fell the most in 74 years, raising fears of a deep recession.

Growth in Asia to reach zero for the first time in 60 years in 2020, the International Monetary Fund said on Thursday as exporters are beaten by falling demand and anti-virus measures force consumers to stay at home and to close their stores.

In Japan, where a Reuters survey showed that most companies believe the stimulus measures announced so far are insufficient, the Nikkei N225 fell 1.3%.

E-mini futures for the S&P 500 ESc1 were down 0.3% after falling 2.2% on Wall Street overnight.

Paul Chew, director of research at Singaporean broker Phillip Securities, said: “This is just a reminder of the depth of the economic weakness. “

FOLLOW OUR LIVE UPDATES HERE:

ftse 100

British economy under pressure as coronavirus takes over the world (Image: GETTY)

9:57 am update: a quarter of UK businesses close

A quarter of businesses in Britain had temporarily closed or suspended business due to the closure of the coronavirus in early April, according to a survey published by the country’s official statistics office.

The Office for National Statistics said, “For surveyed businesses that were still in business, an average of 21% of the workforce had been on leave (under the terms of the British Coronavirus Job Retention Scheme).”

The survey of 5,316 companies covered the period from March 23 to April 5.

9:25 am update: FTSE update

The FTSE-100 index at 9:15 a.m. was up from 16.10 to 5,613.75.

9:10 am update: London stock index update

The FTSE 100 index at 8:45 a.m. was up from 38.14 to 5,635.79.

9 a.m. update: Chinese equities soar following rising global sentiment

Chinese stocks closed higher on Thursday following the recovery of sentiment from global investors, but gains were modest ahead of March’s GDP data which is expected to show economic contraction for the first time in almost 30 years.

The Shanghai Composite Index closed 0.3% higher at 2,819.94, while the CSI300 Benchmark Index gained 0.1% after entering negative or negative territory.

The CSI300 financial sector sub-index rose 0.1%, the consumer staples sector decreased 0.3% and the health care sub-index edged up 0.4%.

The smaller Shenzhen index added 0.5% and the start-up’s ChiNext Composite composite index gained 1.6%.

FSTE 100

FTSE 100: London stock index rose after two-day drop (Image: GETTY)

Update 8:01 am: FTSE 100 opens

The FTSE 100 opened at 5,597.65.

7.51 hour update: US equity futures gain

US equity futures increased their gains, up 0.6% after falling 1% at the start of the session.

7:47 am update: European markets should open in green

European stock markets are expected to open slightly higher after the number of coronavirus deaths worldwide has exceeded 2 million.

7:46 am update: FTSE 100 update

The FTSE-100 index at 7:44 am remained unchanged at 5597.65.

7:35 am update: “It’s only the beginning of a few painful months” – blunt warning

David Madden, an analyst at CMC Markets, presented a bleak economic outlook, saying, “As depressing as the economic indicators are, it seems to be just the start of a few painful months ahead of us.

“The Beige book painted the American economy in an extremely negative light. Employment fell in all districts. The leisure, hotel and non-core retail sectors were the hardest hit. All districts reported very uncertain prospects. “

7:28 am update: FTSE 100 forecast

According to the CFD and the spreadbetting company IG Markets, the FTSE 100 should start two points down from 5.592 to 5.5955.

FTSE 100

Global death toll from coronavirus (Image: EXPRESS)

7:08 am update: China shares its slide

Chinese stocks fell Thursday before first-quarter GDP data released, analysts say show the economy will suffer from its first quarterly contraction in nearly 30 years as the new coronavirus epidemic paralyzes activity .

At the midday break, the Shanghai composite index was down 0.2% to 2,806.46. The top-notch CSI300 index lost 0.4%.

The CSI300 financial sector sub-index fell 0.3%, the consumer staples sector decreased 0.8% and the health care sub-index fell 0.1%.

Chinese stocks listed in Hong Kong fell 0.6%, while the Hang Seng index was down 0.8% to 23,954.81.

6:18 am update: the oil slump will last longer than the coronavirus

The collapse in world oil prices will last longer than the coronavirus epidemic and could shake the Canadian economy for years to come, said a great prospect for becoming the next Governor of the Bank of Canada.

The Organization of the Petroleum Exporting Countries, as well as Russia and other producing countries – known as OPEC + – agreed over the weekend to cut supply to try to support prices.

It came after oil prices plummeted to an 18-year low in March due to slower demand due to the coronavirus epidemic and increased production following a dispute between l ‘Saudi Arabia and Russia.

“Even if the oil price war can be resolved, the collapse of global demand following the pandemic suggests that oil prices could be lower for at least a few years,” said Tiff Macklem, former vice -governor of the Central Bank and one of the names touted to be in the running to replace Governor Stephen Poloz, whose seven-year term ends in June.

“This oil price shock could certainly last longer than the virus,” Macklem told Reuters in recent comments.

LEAVE A REPLY

Please enter your comment!
Please enter your name here