Stock markets tumble as Ryanair and RBS warn of damage caused by Coronavirus Business

0
75


Hello and welcome to our live coverage of the commercial, economic and financial markets.

It’s May 1, and the non-vacation stock markets started the month with a bad fall, building on last night’s disappointments on Wall Street.

Wall Street had its best month since 1987 in April – thanks to the timing of the market bottom rebound in March – and easing blockages is the subject of discussion in major economies. Yet corporate profits reflect the grim reality of the costs borne by businesses.

In Japan, the Nikkei fell 2.8%. The FTSE 100 should experience a shake when opened in a few minutes. Most other European markets are closed for the holidays, but the following data based on spreadbetting activity gives a rough indication of the sentiment:

IGSquawk
(@IGSquawk)

European opening calls:#FTSE 5,809 -1.56%#DAX 10,664 -4.00%#CAC 4,481 -4.07%#AEX 501 -4.85%#MIB 17,277 -2.34%#IBEX 6,791 -3.75%#OMX 1,537 -3.98%#STOXX 2,871 -1.95%#IGOpeningCall

Note – except for FTSE, all underlyings are closed for Labor Day. Our prices online however.

May 1, 2020

US tech giants Amazon and Apple both disappointed investors last night. Amazon saw a massive 26% increase in revenue, but there was a cost: $ 4 billion, to be precise.



LEAVE A REPLY

Please enter your comment!
Please enter your name here