Coronavirus: FTSE 100 falters as European stocks fall back March 10, 2020 The FTSE 100 dipped in and out of the red in a volatile afternoon of trading after Black Monday’s global stocks meltdown, before closing up 0.23 per cent. The FTSE 100 and other European indices rose in early trading after President Trump revealed he was preparing a major economic relief strategy. However the semblance of [...]
Oil rebounds after Black Monday price crash March 10, 2020 Oil prices have shown some signs of recovery today after yesterday’s rout which led to such dramatic global stock market falls it was dubbed Black Monday. Brent Crude oil is currently trading at $36 a barrel, an eight per cent increase on yesterday. At the end of February, it was $51 a barrel. “Oil prices [...]
Donald Trump brands Fed ‘pathetic’ after US stocks’ coronavirus bloodbath March 10, 2020 US President Donald Trump has labelled his country’s central bank “pathetic” for not cutting interest rates further in the face of the coronavirus outbreak, which sent stocks plunging yesterday. Trump’s intervention adds to the pressure on the US Federal Reserve to cut rates again after it slashed them by 50 basis points (0.5 percentage points) [...]
UK coronavirus: Sixth Brit dies as Covid-19 infections hit 373 March 10, 2020 A sixth person has died after testing positive for coronavirus in the UK, as the number of confirmed cases rises to 373. The patient, who was in their eighties and had underlying health conditions, was treated by West Hertfordshire Hospitals NHS Trust. Chief medical officer Professor Chris Whitty said it appeared that the virus was [...]
Covid-19: Qantas to cut international capacity by 25 per cent due to fall in passenger demand March 10, 2020 Australian airline Qantas will cut its global capacity by a quarter over the next six months as part of a package of measures to deal with the plunge in passenger demand caused by coronavirus. In addition, Australia’s largest airline has delayed an order for 12 Airbus A350-1000 planes while the outbreak continues. Qantas will also [...]
How stock markets perform after heavy falls March 10, 2020 | City Talk Coronavirus concerns have swept through financial markets. Globally, stocks have endured some of their worst performances since the days of the financial crisis. For instance, the US stock market, as measured by the S&P 500, fell 7.6% in one day on 9 March 2020, its fifth worst trading day since 1988. On the same day, [...]
John Menzies suspends dividend over coronavirus March 10, 2020 John Menzies will temporarily suspend its dividend for this year after warning of an expected 2020 profit blow from coronavirus. The coronavirus outbreak prompted Menzies to issue a profit warning last month, saying it expects a hit of between £6m and £9m if the outbreak subsides towards the end of the second quarter. The aviation [...]
Qantas to cut international capacity by a quarter as it grapples with coronavirus March 9, 2020 Qantas will slash its international capacity by nearly 25 per cent for the next six months, as it grapples with a steep fall in demand due to coronavirus. Qantas’ chief executive Alan Joyce will not take his salary until the end of the financial year, which ends 30 June. The board will take a 30 [...]
Coronavirus: Whole of Italy put on lockdown as death toll soars March 9, 2020 Italy’s Prime Minister Giuseppe Conte has placed the entire country on lockdown in an effort to contain the spread of coronavirus, as the death toll jumped by 97. It extends the emergency measures the government put in place over the weekend for Lombardy and 14 other provinces in the north of the country, the epicentre [...]
Coronavirus: Fifth death in UK as confirmed cases rise to 319 March 9, 2020 A fifth person has died from coronavirus in the UK as the number of confirmed cases in the UK rose to 319. The patient who was in their seventies was being treated at Epsom and St Helier University Hospitals NHS Trust. Chief executive Daniel Elkeles said: “We can confirm that sadly, a patient in their [...]