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US stocks recorded another day of heavy losses on Tuesday, as market participants' hopes for some positive headlines after the previous session saw both the Dow Jones and Nasdaq Composite record their worst trading sessions in two years were dashed.
An early bounce petered out quickly with traders worried that the China coronavirus could yet turn into a global pandemic, leaving share prices vulnerable as economic growth forecasts are marked down.
The market spotlight will shine bright on all things related to the Chinese coronavirus due to a dearth of regularly scheduled economic reports in all the main geographies.
London stocks finished lower again on Tuesday, as investors continued to digest the latest developments around the spreading global outbreak of the Covid-19 strain of coronavirus.
Pollen Street Secured Lending's (PSSL) shares bolted higher after the investment trust specialising in peer-to-peer lending and corporate loans announced that it had received an all-cash takeover approach at 900. 0p.
Moneysupermarket revealed on Tuesday that chairman Robin Freestone had purchased 40,000 ordinary shares in the FTSE 250-listed price comparison business.
The EU will include a clause in the Brexit trade deal negotiations demanding that the UK maintain a ban on chlorinated chicken or risk a no-deal Brexit.
London’s FTSE 250 was down 1. 82% at 20,732. 88 in afternoon trade on Tuesday amid continued coronavirus concerns and as some Chinese cities announced restrictions on travellers from Japan and South Korea, while the UAE suspended flights from Iran.
Oracle Power updated the market on a meeting held in Karachi, Pakistan on 21 February on Tuesday, where the chief minister of the province of Sindh, Syed Murad Ali Shah, met with the chairman of the China-Pakistan Economic Corridor (CPEC) authority, Lieutenant General Asim Saleem Bajwa.
The FTSE 100 was in the red in afternoon trading on Tuesday, as investors continued to digest the latest developments around the spreading global outbreak of the Covid-19 strain of coronavirus.
US stocks recorded some more losses at the open as market participants' hopes for some positive headlines after the previous session saw both the Dow Jones and Nasdaq Composite record their worst trading sessions in two years were dashed.
BT is likely to cut its dividend by 30% from 2021 to reduce debt and help clinch favourable full-fibre broadband (FTTP) regulation, Jefferies analysts said.
