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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Coronavirus: Daily News and Updates

by | May 4, 2020 | Daily Updates | 0 comments

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.

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