Coronavirus fears wipe nearly £100bn off Britain's top market in two days
28 Février, 2020, 06:52 | Auteur: Auguste Feret
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.
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%.
The man, who is in his 60s, remains in self-isolation, Ontario health officials said in a news release issued on Thursday morning. Evacuees from Wuhan and from the Diamond Princess cruise ship have undergone 14 days quarantine on arrival in New Zealand.
113-year-old Masajo Nonaka, who in April 2018 was recognized as the oldest living on the planet of men, died in January 2019. After graduating from agricultural school, he began working for a sugar plantation, eventually relocating to Taiwan for work.
Prime Minster Scott Morrison has urged Australians to go about their normal business despite the continued spread of COVID-19. Australia isn't the only country ramping up measures to battle the threat of the virus's ongoing spread.
Doval said he is visiting the affected areas as per the instructions of Prime Minister Narendra Modi and Home Minister Amit Shah. Kejriwal, who visited the Guru Teg Bahadur Hospital, earlier pleaded for the "madness to stop", according to PTI.
Meanwhile, Benioff ducked a query about Block's departure, as an alternative praising the management workforce that is still. Total fourth-quarter revenue was $4.85 billion, an increase of 35% year-over-year, and 34% in constant currency.
Regarding that case, Newsom on Thursday said it "understandably generated a lot of attention", but "we knew this was inevitable ". Newsom said there are now 8,400 people in the state being monitored for possible coronavirus exposure after traveling to Asia.
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