Breaking News
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

Europe Eases Losses, But FTSE 250 Struggles Under The Weight Of UK companies

By Spreadex (Connor Campbell)Stock MarketsMar 30, 2020 12:41
uk.investing.com/analysis/europe-eases-losses-but-ftse-250-struggles-under-the-weight-of-uk-companies-200439835
Europe Eases Losses, But FTSE 250 Struggles Under The Weight Of UK companies
By Spreadex (Connor Campbell)   |  Mar 30, 2020 12:41
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
 
UK100
-1.97%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
FCHI
-2.28%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
DJI
-1.62%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
DE30
-1.97%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
BP
-5.49%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
SHEL
-7.05%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

The European equities managed to ease their initial losses ahead of the US open on Monday.

More than halving its initial 80 point decline, the FTSE sat around 15 points shy of 5500 as the session went on. What makes the UK index’s sort of recovery more remarkable is that Brent Crude’s decline only intensified, plunging more than 8% to sink under $22.80 per barrel. As a reminder of March’s madness, as the start of the month oil was trading at around $50. At the start of the year, meanwhile, it was at $66 per barrel.

Yet Brent’s slippery slide failed to stop a sharp turnaround from BP (LON:BP) and Shell (LON:RDSa), which both swung from 3% losses to a 2.7% rise, an improvement that can in large part be pointed at for the FTSE’s overall uptick.

The FTSE 250 was still in trouble, however, with 15-19% losses for Aston Martin (LON:AML), Hammerson (LON:HMSO), Dixons Carphone (LON:DC) and Cineworld – to name just a few of the UK companies struggling on Monday – leading the index down 2.8%.

The DAX went one better than the FTSE 100, moving from an intraday low of 9370 to push past 9630 thanks to a 0.2% increase. The CAC wasn’t as lucky, though it did reduce its own losses to 0.4%.

As for the Dow Jones, the futures are currently pointing to a 0.2% drop, one that would take the index under 21600. Compare that to last Monday’s 18300-open, however, and that’s a pretty decent week-on-week rebound for the Dow, even when factoring in last Friday’s sharp fall.

"Disclaimer: Spreadex provides an execution only service and the comments above do not constitute (or should not be construed as constituting) investment advice or recommendations, or a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any person placing trades based on their interpretations of the above comments does so entirely at their own risk. Spreadex Ltd is a financial and sports spread betting and sports fixed odds betting firm, which specialises in the personal service and credit area. Founded in 1999, Spreadex is recognised as one of the longest established spread betting firms in the industry with a strong reputation for its high level of customer service and account management.

In relation to spread betting, Spreadex Ltd is authorised and regulated by the Financial Conduct Authority. Spread betting carries a high level of risk to your capital and can result in losses larger than your initial stake/deposit. It may not be suitable for everyone, so please ensure you fully understand the risks involved."

Original Post

Europe Eases Losses, But FTSE 250 Struggles Under The Weight Of UK companies
 

Related Articles

Europe Eases Losses, But FTSE 250 Struggles Under The Weight Of UK companies

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email