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21.04.2020 FTSE 100 Daily Analysis

This came about as a result of global news that oil prices were slumping, the WTI was in fact down below zero tradings at -US$40. The thing about

21.04.2020 FTSE 100 Daily Analysis
Yazar: Zack Smith

Yayınlanma: 22 Nisan 2020 13:23

Güncellenme: 11 Kasım 2024 16:45

21.04.2020 FTSE 100 Daily Analysis

The FTSE 100 opened lower than it had closed the previous day at £5812 (-2%) This came about as a result of global news that oil prices were slumping, the WTI was in fact down below zero tradings at -US$40. The thing about oil is that it directly affects the global economy since most of the sectors are dependent on oil and if the oil is suffering then you are sure that the global economy is suffering as well. On the London Stock market BP and Royal Dutch Shell, two oil giants were each down by 4%. BHP Group, the world's largest listed miner fell more than 4.2% after it warned that global steel production excluding China could drop sharply this year due to the pandemic.  
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