Daily News and Updates
Daily Updates: News and Markets
PWS Southport daily news and market updates keeping you up to date on coronavirus news and how global stock markets are reacting to the ongoing pandemic.
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Government Lockdown Briefing
Coronavirus: Daily News and Updates
FTSE 100 Index finishes the day up 95 points up
The FTSE 100 finishes the day up 1.66 per cent with BP and Royal Dutch Shell among the top performers on the index.
In America, both the Dow Jones and S&P 500 are performing similar to the FTSE 100 in afternoon trading.
Virgin Atlantic to stop flying from Gatwick
To stay afloat, Virgin Atlantic has confirmed it will be making 3,000 staff redundant and to stop flights from the UK’s second busiest airport Gatwick.
The news comes days after British Airways confirmed it is in consultation to axe 12,000 jobs and the possibility of cancelling all flights from Gatwick.
Coronavirus health fears outweigh concern for economy: global survey
A substantial majority of people around the world want their governments to prioritise saving lives over moves to restart economies being hammered by measures aimed at halting the spread of the new coronavirus, a global survey found.
FTSE 100 Index starts the day on a positive note
London’s main index starts the day up over 80 points with mining stocks Glencore and Anglo American both up over 4 per cent.
European and American futures would indicate a positive day in both regions.
Coronavirus: Hong Kong’s economy slumps 8.9 per cent in worst contraction on record
Hong Kong’s coronavirus-ravaged economy has suffered its worst decline on record, shrinking 8.9 per cent year on year in the first quarter and sparking an appeal from the city’s finance chief for unity to face the grim months ahead.
Source: South China Morning Post
Hong Kong – Hang Seng Index up after yesterdays rout
After losing nearly 1,000 points yesterday the Hang Seng Index is 0.85 per cent up in afternoon trading.
BBC News Morning Summary
- The US records 1,015 virus deaths in 24 hours – the lowest one-day tally in a month.
- The worldwide Covid-19 death toll is now above 250,000.
- The number includes those who have died with the virus – and not necessarily because of it.
- New Zealand PM Jacinda Ardern discusses “Trans-Tasman travel bubble” with Australian cabinet.
- New Zealand records no new Covid-19 cases for the second day in a row.
- The US Treasury will borrow a record $3tn between April and June.
- The UK is to begin testing a new contact-tracing app on the Isle of Wight on Tuesday.
- Source: BBC News Live