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express.co.uk: “European markets suffer heavy losses”

express.co.uk: “European markets suffer heavy losses”

brown-and-white clocks

THE FTSE 100 index closed down 193.66 points, or 3.3 percent, at 5,597.65 today after poor data and results from across the globe dampened any optimism.
Oil price falls hit several big names in the sector and warnings from the International Monetary Fund (IMF) that the world could see a depression not seen since the 1930s. In Europe, the Paris CAC 40 ended down 3.7 percent, while the DAX 30 in Frankfurt ended down 4.2 percent.
The update was in stark contrast to the forecast it issued three months ago, when it projected worldwide growth of 3.3 percent.
"Much of the ground that European equities have made since mid-March was fuelled by rescue schemes, and more recently, the levelling-off of the rate of infections, but traders are facing up the prospect of a painful economic downturn."
Key moments on 15.04.2020:
  • 5pm update: Ftse 100 closes down at 5,597.65
  • 4.12pm update: Older savers checking investment performance in midst of coronavirus crisis
  • 3.45pm update: FTSE down at 5620.54
  • 3.44pm update: Citigroup sees first quarter profits halved
  • 3.33pm update: Connect Group sells Tuffnells in £15m deal
  • 3.15pm update: Pound falls against dollar after dire IMF forecasts
  • 2.22pm update: Wall Street to slump amid gloomy economic data
  • 1.47pm update: FTSE update
  • 1.32pm update: Whetherspoons shares dive 
  • 12.28pm update: UK schools under pressure to reopen over economic chaos
  • 12.47pm update: FTSE 100 down 
  • 12.01pm update: EU budget to focus on economic recovery of bloc 
  • 11.46am update: London Stock Exchange update
  • 10.49am update: UK could be last country to come out lockdown 
  • 9.47am update: FTSE 100 update 
  • 9.25am update: London Stock Exchange update 
  • 9.20am update: EU shares slip 
  • 8.38am update: UK shares hurt by coronavirus 
  • 8.30am update:Midcap index falls 
  • 8.03am update: FTSE 100 opens
  • 7.45am: FTSE index update 
  • 7.30am update: Dollar nurses losses
  • 7.22am update: France hikes costs to support economy 
  • 7.12am update: FTSE expected to start lower 
  • 6.19am update:  IMF expects China growth to slow to 1.2 percent this year


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