12.05.2020 FTSE 100 Daily Analysis

12.05.2020 FTSE 100 Daily Analysis

Prime Minister Boris Johnson on Monday said they are going to ease down the social distancing measures as soon as possible in a move to reopen the economy. So far the FTSE 100 index is trading at 5970.15 as of the time of this writing has risen 30 points from the previous closing price of 5939.73. News of reopening the economy is what's got investors excited. Does it seem like the worst is over but is it really? Asian and Australian stocks declined on Tuesday after there was news that there is a new wave of coronavirus infections, including Wuhan where the virus originated from and where lockdown measures had recently just been lifted. European investors are probably going to take a seat back to see how these events unfold before making any long term decisions because the crisis might be far from overPrime Minister Boris Johnson on Monday said they are going to ease down the social distancing measures as soon as possible in a move to reopen the economy. So far the FTSE 100 index is trading at 5970.15 as of the time of this writing has risen 30 points from the previous closing price of 5939.73. News of reopening the economy is what's got investors excited. Does it seem like the worst is over but is it really? Asian and Australian stocks declined on Tuesday after there was news that there is a new wave of coronavirus infections, including Wuhan where the virus originated from and where lockdown measures had recently just been lifted. European investors are probably going to take a seat back to see how these events unfold before making any long term decisions because the crisis might be far from over.