FTSE dashed by Fed WHO comments
Two high level comments are reverberating through the markets this morning, pulling the FTSE and European gauges lower.
Share this:
Two high level comments are reverberating through the markets this morning, pulling the FTSE and European gauges lower. Fed chairman Jay Powell warning that the US could be facing an extended period of weak economic growth affected both European trading and trading in Asia. He also urged Congress to spend more or face a period of historic economic turmoil.
Dashing hopes that the pandemic will be resolved quickly, the World Health Organisation’s Emergencies Director Michael Ryan said that the coronavirus may never go away and instead become just another endemic virus in the community.
Retail speculators boost investment firm stocks
In London, stocks that are typically the worst hit by the coronavirus came under renewed pressure, notably airlines, housebuilders , banks and insurance firms. The negative broader picture weighed on property firm Persimmon even though the firm is about to reopen its offices at the end of this week and 65% of its construction work is back up and running.
But these distressed times are also offering opportunities such as private equity firm 3i Group and distressed buyer Melrose Industries. 3i shares are the flavour of the morning after the firm said it would still pay out its dividends for 2020 despite returns on its private equity business dropping by over 30%. The hardest hit have been its investments in the travel and the car sector.
The extended lockdown and the shares meltdown has created a vast surge in retail trading activity over the last two months with trading broker Hargreaves Landsdown experiencing the influx of an additional £6.3 billion from investors. Strong results mean that the firm will be able to stick to its planned dividend payout for this year.
Dashing hopes that the pandemic will be resolved quickly, the World Health Organisation’s Emergencies Director Michael Ryan said that the coronavirus may never go away and instead become just another endemic virus in the community.
Retail speculators boost investment firm stocks
In London, stocks that are typically the worst hit by the coronavirus came under renewed pressure, notably airlines, housebuilders , banks and insurance firms. The negative broader picture weighed on property firm Persimmon even though the firm is about to reopen its offices at the end of this week and 65% of its construction work is back up and running.
But these distressed times are also offering opportunities such as private equity firm 3i Group and distressed buyer Melrose Industries. 3i shares are the flavour of the morning after the firm said it would still pay out its dividends for 2020 despite returns on its private equity business dropping by over 30%. The hardest hit have been its investments in the travel and the car sector.
The extended lockdown and the shares meltdown has created a vast surge in retail trading activity over the last two months with trading broker Hargreaves Landsdown experiencing the influx of an additional £6.3 billion from investors. Strong results mean that the firm will be able to stick to its planned dividend payout for this year.
Two high level comments are reverberating through the markets this morning, pulling the FTSE and European gauges lower. Fed chairman Jay Powell warning that the US could be facing an extended period of weak economic growth affected both European trading and trading in Asia. He also urged Congress to spend more or face a period of historic economic turmoil.
Dashing hopes that the pandemic will be resolved quickly, the World Health Organisation’s Emergencies Director Michael Ryan said that the coronavirus may never go away and instead become just another endemic virus in the community.
Retail speculators boost investment firm stocks
In London, stocks that are typically the worst hit by the coronavirus came under renewed pressure, notably airlines, housebuilders , banks and insurance firms. The negative broader picture weighed on property firm Persimmon even though the firm is about to reopen its offices at the end of this week and 65% of its construction work is back up and running.
But these distressed times are also offering opportunities such as private equity firm 3i Group and distressed buyer Melrose Industries. 3i shares are the flavour of the morning after the firm said it would still pay out its dividends for 2020 despite returns on its private equity business dropping by over 30%. The hardest hit have been its investments in the travel and the car sector.
The extended lockdown and the shares meltdown has created a vast surge in retail trading activity over the last two months with trading broker Hargreaves Landsdown experiencing the influx of an additional £6.3 billion from investors. Strong results mean that the firm will be able to stick to its planned dividend payout for this year.
Dashing hopes that the pandemic will be resolved quickly, the World Health Organisation’s Emergencies Director Michael Ryan said that the coronavirus may never go away and instead become just another endemic virus in the community.
Retail speculators boost investment firm stocks
In London, stocks that are typically the worst hit by the coronavirus came under renewed pressure, notably airlines, housebuilders , banks and insurance firms. The negative broader picture weighed on property firm Persimmon even though the firm is about to reopen its offices at the end of this week and 65% of its construction work is back up and running.
But these distressed times are also offering opportunities such as private equity firm 3i Group and distressed buyer Melrose Industries. 3i shares are the flavour of the morning after the firm said it would still pay out its dividends for 2020 despite returns on its private equity business dropping by over 30%. The hardest hit have been its investments in the travel and the car sector.
The extended lockdown and the shares meltdown has created a vast surge in retail trading activity over the last two months with trading broker Hargreaves Landsdown experiencing the influx of an additional £6.3 billion from investors. Strong results mean that the firm will be able to stick to its planned dividend payout for this year.
The complete CFD trading experience
Award-winning platforms, competitive spreads, low commissions and dedicated support.
We live and breathe the markets and are dedicated to helping traders realise their ambitions as we continue to set the industry bar.
Economic calendar
Web Trader platform
Our sophisticated web-based platform is packed with features.
Related articles
RBA delivers 25bp hike, Bullock now the main event
The RBA delivered the expected 25bp hike, but Bullock’s press conference now looms as the bigger volatility risk for AUD/USD and the ASX 200.
S&P 500 forecast: Stocks extend drop as correction risks grow
US and global equity markets have extended Wednesday’s sell-off, with Wall Street opening lower after a weak handover from Asia and Europe. The deterioration in risk appetite has been spreading across global markets. The dollar was firmer, Treasury yields were holding onto yesterday’s gains, while gold, silver and bitcoin were all under pressure alongside equities and major currencies.
Nikkei threatens breakout as tech rebound broadens
Breakouts across the SOX and Nasdaq are being matched by rebounds across Asia, with the Nikkei now threatening to join the move.
StoneX Europe Ltd may make third party material available on this website which may contain information included but not limited to the conditions of financial markets. The material is for information purposes only and does not contain, and should not be construed as containing, investment advice and/or investment recommendation and/or an investment research and/or an offer of or solicitation for any transactions in financial instruments; any decision to enter into a specific transaction shall be made by the client following an assessment by him/her of their situation.
StoneX Europe Ltd makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. We are not under any obligation to update any such material. Any opinion made may be personal to the author and may not reflect the opinion of StoneX Europe Ltd.