14.05.2020 FTSE 100 Daily Analysis

14.05.2020 FTSE 100 Daily Analysis

The UK stock market and the European one, in general, has seen a general decline as fears of a second wave of infections grips the market. The FTSE 100 has already declined to 5768.29 as of the time of this writing, more than 135 points from its opening price of 5904.05, and all the signals are pointing to it going even further down. Since investors, the world overwatches out for anything showing how the world is performing it was no wonder that European stock investors were quick to gauge the US Federal  Reserve sentiments on the current state of the economy. Whereas it was expected that Mr. Powell the chair of the Fed would bring some hope he said the American economy was on the verge of a recession and that the Fed will do anything in its power to stabilize it. This dampened hopes of a normal near-future.