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


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:


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.


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