Coronavirus fears wipe nearly £100bn off Britain's top market in two days

28 Février, 2020, 06:52 | Auteur: Auguste Feret
  • Prudential logo

The FTSE 100 Index opened with small gains on Tuesday before edging around 20 points lower as it pulled out of a nosedive that left it nursing the biggest fall for four years.

On Monday, the 24th of February 2020, a slew of European stock indices had rubbed out roughly $474 billion off the market while airlines alongside travel stocks led the declines of regional pan-European STOXX 600 as a gush of newer coronavirus cases outside China appeared to have spooked investors across the globe, promoting the investors to reassess the financial fallouts of coronavirus outbreak which has every potentiality to turn out to be a Pandemic. The DAX (^GDAXI) closed down 1.8% in Frankfurt and the CAC 40 (^FCHI) lost 1.9% in Paris.

Spain's Ibex was also more than 2.3% lower after it emerged a hotel in the Canary Islands was in lockdown after an Italian doctor tested positive for the virus, also known as Covid-19.

But investors soon continued heading for the exit as it became clear the outbreak is far from being contained and will take a heavy toll on the global economy.

However, losses were broad based - just three stocks on the FTSE 100 managed to close in the green.

Italy's COVID-19 death toll rises to 17, 650 cases confirmed
The new outbreaks were reported in places as far-flung as Italy and Iran, France and Algeria, and Spain's Canary Islands. In Greece, two new cases were reported on Thursday, ...bringing the total to three.

Battle rages over strategic Syrian town of Saraqeb as humanitarian catastrophe unfolds
The Syrian government troops' "deliberate attacks on our forces has been a turning point". Associated Press writer Albert Aji in Damascus, Syria , and Edith M.

Women's T20 WC: Openers shine as Australia defeat Bangladesh by 86 runs
In the final over of that match, Australia Women took three wickets in the successive deliveries, including the two run-outs. Among the Australia Women bowlers, Megan Schutt (3/21) took three wickets while Jess Jonassen (2/17) grabbed two wickets.

Sterling lifted 0.5% to 1.30 USA dollars and 0.4% to 1.20 euros, which sparked declines on the top tier as a large proportion of profits for FTSE 100 companies is made in dollars.

He said: "There is no question financial markets are coming round to the realisation that this particular crisis is likely to have a slightly longer shelf life than many thought was the case a couple of weeks ago".

Holiday giant TUI and low-priced carrier easyJet fell another 4.9% and 3.5% respectively, while Holiday Inn owner Intercontinental Hotels Group was 3.2% down.

But oil prices were 0.2% as markets stabilised on Tuesday, while, among airlines, British Airways owner International Airlines Group was 1% higher after falling more than 9%.

Conseillé:



Populaire

Escaped baboons were headed for medical research at Sydney hospital
Officers did, however, confirm that they had received reports and were investigating whether a wild baboon chase was in order. The two females were there to keep him company and make sure he was calm, which is actually the cutest thing .

Hardest-hit China, South Korea count 938 new COVID-19 cases
There have been almost 50 deaths outside China, including 19 in Iran , according to a Reuters tally. The latest numbers: There are more than 83,000 cases around the world, includingover 2,850 deaths.

Un médecin à Emmanuel Macron à Paris : "On est au bout"
Il a été testé positif au coronavirus et était dans un état gravissime. "On est vraiment au bout". Ça s'est joué à rien. Il s'est rapidement fait interpeller par un médecin, sur la crise de l'hôpital et la casse de la santé.

Inside the terms of James Franklin’s new contract at Penn State
Trailing 40-19 late in the first half, the Scarlet Knights tied the game at 62 with 1:32 left in the game on Geo Baker's layup. Rutgers is expected to give a two-year contract extension for coach Steve Pikiell, according to NJ Advance Media .

New COVID-19 cases outside China exceed those in China
Of the new cases, 383 were in the epicenter of the city of Wuhan, where the virus first emerged in December. According to Politico , South Korea has reported 21 cases of the virus among its military personnel.

Curry to return to Dubs on Sunday
Although Curry has made it known he is aiming for a March 1 return, head coach Steve Kerr says that's not set in stone. Stephen Curry injured himself after playing only four games in the National Basketball Association 2019-20 season.

Napoli 1-1 Barcelona: Griezmann grabs vital away goal for Setien's side
Barcelona , meanwhile, sit atop La Liga, two points ahead of Real Madrid ahead of El Clasico this Sunday at the Bernebeu. There are moments of tension that players who experience the game with his temperament can have".

Le procès Fillon reporté à mercredi — Grève des avocats
Des avocats avaient par ailleurs bloqué le tribunal ce lundi matin, pour protester contre la réforme des retraites . Le procès reprendra à 13 h 30 mercredi 26 février, deuxième journée d'audience prévue.

" On doit croire toutes les femmes qui parlent " — Adèle Haenel
Ce qui devait être "une fête du cinéma censée récompenser ses plus grands talents" ressemblera " davantage à un symposium ".

Former Egyptian President Hosni Mubarak dead
In a statement, the presidency called Mubarak a " military leader and war hero ", and offered his family condolences. Internationally, Mubarak garnered respect as a regional power broker, including in the Israeli-Palestinian conflict.