FTSE 100 ready for a rear departure with UK at coronavirus tipping point and returned to lockdown

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UK blue chip index to open around 50 points lower at 5,957, spread betting companies say

The FTSE 100 appears poised to open firmly into negative territory with the UK at a ‘tipping point’ that could lead to a second global lockdown to prevent the spread of the coronavirus.England Chief Medical Officer Chris Whitty, in a televised briefing later Monday, is likely to say the country is facing a “very difficult winter” with cases headed in the “wrong direction”.

According to newspaper reports, Boris Johnson is planning six months of new borders following restrictions in the north of England.

The capital, meanwhile, could be the next in quarantine, according to London Mayor Sadiq Khan.

Asian markets have been subjected to second wave worries and international trade concerns.

“As we look into a new week, with investors absorbing recent central bank statements and the prospect that further stimulus will not come immediately, concerns are growing that the summer recovery is probably as good as it is. it is not when it comes to the recent rebound in economic activity, ”said Michael Hewson, analyst at CMC Markets.

That reality, combined with the growing awareness that a vaccine remains in several months, despite President Trump’s claims, has made investors increasingly nervous as we head into a fall that could see lockdowns reimposed. , and a US presidential election whose outcome may well be too close to be called, with two rather unimpressive candidates. “

Fed chair in the armchair

In the short term, Federal Reserve Chairman Jerome Powell will have a forum from Tuesday to Thursday to set out his vision for a renewed US stimulus package, as he is testifying before Congress.

Here in the UK, updates are expected from the owner of B&Q Kingfisher (), energy group SSP (LON: SSP) and events company Informa () this week.

Tesla Battery Day (LON: TSLA) will be eagerly awaited in the United States on Tuesday.

Investors and the Musk army of fanboys and fangirls are loaded with excitement, while the Tesla Bear Battalion considers it all Musk hype.

The South African billionaire said earlier this year that the event would “blow your mind” and added more recently that there would be “a lot of exciting things” to see.

Around the markets

  • Book valued at US $ 1.2955 (up 0.29%)
  • Bitcoin 10947,04 $ (fixe)
  • Gold $ 1,959.40 per ounce (down 0.41%)
  • Brent crude US $ 43.05 per barrel (down 0.1%)

6h45: Early Markets: Asie / Australie

Asia-Pacific markets were lower today, with China’s Shanghai Composite down 0.52% and Hong Kong’s Hang Seng down 1.42%.

South Korean Kospi extended its losses in the evening by falling 0.88% and more in Australia, the S & P / ASX 200 lost 0.74% as the big banks and big miners weighed on the index.

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Proactive News from Australia:

() has received firm commitments from institutional and sophisticated investors to raise $ 4.4 million through a share placement of more than 293 million fully paid common shares at an issue price of 1.5 cents per action.

() signed a share purchase agreement (SPP) to obtain an additional 10% of Dathcom Mining SA from its JV partner, Dathomir Mining Resources SARLU, the 100% owner of the Manono Lithium and Tin project in the DRC.

Recent review by () of historical and recent exploration data from the Ajana project in Western Australia has identified several exploration targets high in zinc, copper, lead and silver.

() has a drilling contractor who is mobilizing at the Rover project site in Western Australia to undertake a 1,800 meter reverse circulation (RC) drilling program.

() used an ultra-high resolution magnetic ground survey to identify new gold drill targets at the Redmill and Grindall prospects as part of the flagship Woodline Gold project in WA.

() intersected gold mineralization in phase two reverse circulation (RC) drilling up to 1 kilometer along the branch of the Cox’s Find project in the Laverton Gold District in Washington State.

() made a fully subscribed 1 for 5 rights offer at an issue price of 13.5 cents per share in order to raise $ 3.3 million as part of a capital increase of 4, $ 3 million.

() partially sold its Emu Lake project north of Kalgoorlie, Western Australia, to the unlisted public company Metal Hawk Ltd as part of its exploration management strategy.

() (OTCMKTS: MGCLF) (FRA: H5O) welcomes the new guidance from the Financial Conduct Authority (FCA) on its approach to assessing applications for listing of cannabis-related companies on the London Stock Exchange (LSE).

() (FRA: 1X8) wholly owned subsidiary, Mernova Medicinal Inc, received an initial purchase order valued at C $ 180,000 from the Nova Scotia Liquor Corporation in Canada for two of its premium strains, HPG13 and Lemon Haze.

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