The FTSE 100 touched its lowest since Dec. 2 in early trading, but clawed back some of its losses to trade down 1.2% as the pound’s 2% drop limited a fall in the exporter-heavy index. [GBP/]
Shell also took a hit from its move to write down the value of its oil and gas assets by $3.5 billion to $4.5 billion following a string of impairments this year. “We are in the middle of a perfect storm of both COVID-19 and Brexit,” said Stefan Koopman, senior market economist at Rabobank. “It is catastrophic as the entire island is cutoff from the continent and that has repercussions on the market.”
good luck
i hope this second coronavirus is good because usually the sequels to big hits tend to suck
Project fear that’s all it is 😂
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