Good morning!
The Covid-19 outlook has not improved over the weekend – expectations for the duration of the ‘lockdown’ period are lengthening.
This report won’t be locked down, however. Business as usual here.
At 7.30am, FTSE futures are trading almost unchanged at c. 5500.
Cheers
Graham
Agenda for today (COVID-19)
There are a vast number of RNS updates, again, as companies scramble to update investors in light of the Coronavirus situation.
I can’t help the feeling that we are in some type of a “doomsday” scenario for many businesses. Even during wars and recessions, many businesses were still open and operational.
This virus (or the government’s response to it, depending on your point of view) has completely shut down huge parts of the economy. It’s an unthinkable scenario – who could ever have imagined it?
It’s a punishing situation for people who are leveraged, in their portfolios or their personal lives.
I thought that I was sufficiently careful, only buying shares in financially strong corporates and using only a very modest degree of leverage in my trading account.
It turns out that I might not have been careful enough: even financially strong companies such as Next (LON:NXT) (in which I have long position)…
Disclaimer: Please note all prices are for information only, they should not be relied upon for accuracy or trading. All prices quotes are based on CFD prices and are similar though not always identical to real exchange prices. STOCKTRKR or anybody connected with STOCKTRKR will not accept any liability for loss or damage arising from use of any information/commentary/charts or articles which is provided 'as is' for educational purposes only, nothing contained on this website should be considered as investment advice - please seek proper investment advice from registered financial broker or institution if you wish to trade on global markets and ensure you are familiar with the risks.
