Skip to main content

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


Labels:

Comments

Post a Comment

Popular posts from this blog

Italy: Firms shake lockdown using shortcut in coronavirus law

Italy: Firms shake lockdown using shortcut in coronavirus law The government last week extended non-essential business closures to May 3. But more than 100,000 mainly small- and medium-sized companies have applied to keep going or partially reopen. In principle, a key hurdle for companies to do business should be that they can prove they are part of a supply chain to businesses that are deemed “essential” in a government decree, such as food, energy or pharmaceutical companies. But the government, facing a backlog of applications, has clarified Italy’s lockdown laws to say no companies need to wait for government approval to go ahead. More than 105,000 firms have applied to be considered part of essential supply chains, the interior minister said on Wednesday, in a guideline on its website to clarify the lockdown rules. Of those, just over 2,000 have been turned down and told to suspend their business. More than 38,000 are being investigated and the rest are waiting to be...
Post a Comment
Read more

Italy’s small businesses scrap for survival

Italy’s small businesses scrap for survival Three years ago, this owner of a small business in Italy’s industrial Veneto region lost his life savings, when two regional banks failed after the European debt crisis and were wound down, wiping out shareholders. Today, he is struggling with a new torment: the outbreak of coronavirus in northern Italy that has devastated lives and shut businesses across the region since mid-March. His company’s revenues have dried up even as his overheads remain unchanged. “I am scared for the future,” he said. Many companies rely on local banks for funds and do not have bonds or investors to draw on Northern Italy is home to more than 2m businesses, according to Prometeia, a research and consulting firm. Lombardy, the region around Milan that has been in lockdown since mid-March, has more than 900,000 of them. Andrea Guerra, a former chief executive of Italian eyewear multinational Luxottica and government adviser who is advising small bus...
Post a Comment
Read more

thechronicleherald.ca: France to tighten controls on non-EU foreign investment

thechronicleherald.ca: France to tighten controls on non-EU foreign investment Currently non-European investments in French companies do not need government approval as long as the stake is 25% or less. PARIS (Reuters) - The French government will tighten restrictions on foreign investments from outside Europe in French companies to limit foreign control over strategic sectors and technologies, the finance minister said on Wednesday. The government already at the start of the year tightened controls on non-European foreign investments, in particular by lowering the threshold for state-vetting to 25% from 33% previously. Le Maire also said that he would add biotechnology companies to a list of sectors that requires government approval for an investment from outside Europe to go ahead. "In this period of crisis, some companies are vulnerable, some technologies are fragile and could be bought by foreign competitors at a low cost. I won't let it happen," Le Mai...
Post a Comment
Read more