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.
Where we have provided links to third party websites for further information, you should be aware that we are not responsible for the accuracy, availability or functionality of these sites, and thus cannot be held liable, directly or indirectly, for any loss however caused by your use of these linked sites.
Coronavirus: Daily News and Updates
FTSE 100 Index down 10 points at 5,573
FTSE 100 ends the day slightly down after dropping 1.00 per cent in early trading.
A drop in Covid-19 deaths and information concerning the measures to get the economy out of lockdown pushed the index back up.
In America, the Dow Jones and S&P 500 are trading down, but both indexes are up from the morning lows.
Former analyst predicts a 40 per cent drop in US markets
A former Goldman Sachs analyst predicts a further 40 per cent drop in US markets in 2020.
Will Meade likens the current situation to the dot com bubble crash in 2000, and with a Presidential Election, more uncertainty is on the cards.
US Markets open down on Monday
- Dow Jones and S&P 500 both open down in early trading following Asian and European markets.
- FTSE 100 index is in positive territory in afternoon trading.
Hang Seng drops 4.18 per cent
The Hang Seng Index in Hong Kong drops over 4 per cent after Donald Trump’s recent comments.
The US President is back to his old tricks with a potential new trade war between the US and China and the continual blame game regarding the Covid-10 pandemic.
UK says China has questions to answer over coronavirus outbreak
LONDON (Reuters) – Britain said on Monday that China has questions to answer over the information it shared about the novel coronavirus outbreak, but refused to comment on reports that a U.S.-led intelligence consortium had accused Beijing of a cover-up.
Market Update – FTSE 100 starts the week in the red
- The FTSE 100 starts the week in negative territory after two days of losses in the previous trading days.
- With Japan’s and China’s main markets closed, Hong Kong’s Hang Seng is currently down 4 per cent in afternoon trading.
- US futures indicate that markets will follow the downward trend today.
BBC News Morning Summary
- US President Donald Trump says “we are very confident” of a vaccine by the end of the year
- But he acknowledges it is optimistic: “The doctors would say ‘well, you shouldn’t say that'”
- US Secretary of State Mike Pompeo says there is “significant evidence” that virus came from Wuhan lab
- It is a repeat of a claim President Trump made last week, but experts say there is little evidence any lab was the source of Covid-19
- New Zealand reports no new cases for the first time in six weeks
- In Brazil, President Bolsonaro again criticises lockdown as cases exceed 100,000
- Global confirmed cases exceed 3.5m and the number of deaths almost 250,000