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04.05.2020 FTSE 100 Daily Analysis

The FTSE 100 along with the European stock market were down with the FTSE 100 having the least loss of 0.5% as compared to other stock

Yazar: editor_1

Yayınlanma: 4 Mayıs 2020 19:12

Güncellenme: 12 Kasım 2024 15:35

04.05.2020 FTSE 100 Daily Analysis

The FTSE 100 along with the European stock market were down with the FTSE 100 having the least loss of 0.5% as compared to other stock markets like the Dax 30 that was down 3.7%. This could be because two of the "Footsie's" top companies Royal Dutch Shell Company and BP stabilized after a very rough week previously. The reason for the big drop in European markets came after the two of the top US officials said that they had concrete evidence that the Covid-19 pathogen originated from a Chinese laboratory in Wuhan.  This hints at Trump starting a trade war with China and the global market stands to be affected by this trade war directly or indirectly.
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