FTSE 100 ekes out gains amid oil plunge, earnings worries | Malay Mail

Despite recovering from mid-March lows due to massive stimulus measures by major central banks and governments, the FTSE 100 remains down more than 24 per cent from its January peak. ― Reuters pic

However, Royal Dutch Shell and BP fell 2 per cent and 0.4 per cent, respectively, as the US crude futures contract plunged more than 50 per cent on worries about lack of storage and a weakening global economy. “Now we've got people asking companies questions that have never been asked ― how many weeks or months of liquidity do you have looking at your current cash flow and revenue if the lockdown lasted longer,” said Benji Dawes, who co-manages the UK Growth Fund at Premier Miton.

Mr Kipling cakes maker Premier Foods soared 29 per cent after it forecast annual trading profit to be at the top end of market expectations as Britons stocked up on food at the start of the lockdown. “Equities are much less forward-looking than commonly assumed, their prices tended to be almost coincident with activity and earnings movement,” they said.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Healthcare rally buoys European stocks amid grim earnings outlook | Malay MailFRANKFURT, April 21 ― European stock markets closed higher after a volatile session yesterday, recovering losses caused by a collapse in oil prices and fears of the worst quarterly earnings season since the global financial crisis. Healthcare stocks led the charge, marching to over six-week highs...
출처: malaymail - 🏆 1. / 86 더 많은 것을 읽으십시오 »

Tokyo stocks open lower on oil price plunge | Malay MailTOKYO, April 21 ― Tokyo stocks opened lower today, tracking falls on Wall Street as investor sentiment worsened on plunging oil prices. The benchmark Nikkei 225 index was down 0.96 per cent or 188.84 points at 19,480.28 in early trade, while the broader Topix Index fell 0.94 per cent or 13.46...
출처: malaymail - 🏆 1. / 86 더 많은 것을 읽으십시오 »

US stocks open sharply lower amid pressure on oil market | Malay MailNEW YORK, April 21 — Wall Street stocks opened sharply lower today as the oil market remained under pressure and more large companies withdrew their earnings forecasts due to the uncertain economic outlook. About 15 minutes into trading, the Dow Jones Industrial Average was down 2.0 per cent at...
출처: malaymail - 🏆 1. / 86 더 많은 것을 읽으십시오 »