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UK News Markets nervous ahead of new lockdown restrictions

22:10  18 september  2020
22:10  18 september  2020 Source:   pressassociation.com

'Circuit break': PM considering national restrictions on social lives to curb infections

  'Circuit break': PM considering national restrictions on social lives to curb infections Boris Johnson is considering the introduction of new national restrictions - possibly as soon as next week - as the prime minister races to try and get a handle on the spread of coronavirus. With COVID-19 cases now doubling every seven to eight days, the government is looking at introducing nationwide restrictions for a short period to try to "short-circuit" the virus and slow the spread of the disease.Government figures stressed the plans being drawn up stopped short of a full national lockdown, as seen in the spring, when the country was told to "stay at home".

© Kirsty O’Connor The new lockdown measures could hit markets , but not just yet. The introduction of local lockdowns and curfews in parts of England failed to scare away too many investors from the London Stock Exchange by the end of trading for the week.

Economists warned that new restrictions could derail an economic rebound and cause another slump in GDP, which collapsed 20.4pc between April “If you start to think this will be a recurring thing that requires lockdown after lockdown , then you might well be a bit more reticent to hold onto the staff

a group of people standing next to a sign: The new lockdown measures could hit markets, but not just yet. (Kirsty O’Connor / PA) © Kirsty O’Connor The new lockdown measures could hit markets, but not just yet. (Kirsty O’Connor / PA)

The introduction of local lockdowns and curfews in parts of England failed to scare away too many investors from the London Stock Exchange by the end of trading for the week.

But the blue-chip FTSE 100 index closed the day down 42.87 points, or 0.7%, at 6,007.05 – with traders waiting to see the impact from increases in coronavirus cases.

Investors are also waiting to see what the impact will be from a US ban on some Chinese apps in the country introduced on Sunday.

NHS contact tracing app finally launched in England and Wales

  NHS contact tracing app finally launched in England and Wales The NHS coronavirus contact tracing app has finally been launched in England and Wales after months of delay and questions about its effectiveness. The app was trialled first on the Isle of Wight and in the London Borough of Newham and was used to send alerts to users after someone had tested positive.It uses an Apple and Google-developed system, using Bluetooth to keep an anonymous log of people a user has been close to.

PM says he is prepared for harsher restrictions , if new measures do not cut down virus’ spread.

People in quarantine are likely to develop symptoms of psychological stress and disorder and the scale of the current COVID-19 lockdown is unprecendented. With some 2.6 billion people around the world in some kind of lockdown , we are conducting arguably the largest psychological experiment ever

SpeadEx analyst Connor Campbell explained; “It is going to be interesting to see over the rest of September whether we return to a situation where daily covid-19 case and death figures from the UK and across Europe become market movers like they were at earlier points in the pandemic.”

Back in March, leading indexes plunged by record levels, with daily falls wiping billions off share prices, although it has since stages some recoveries.

In mainland Europe, the CAC 40 in Paris ended down 1.2%, while the DAX 30 in Frankfurt fell 0.7% Friday evening.

“The atmosphere across stock markets is turning sour as the weekend looms, as investors fret about possible retaliatory measures from China after the US announced a ban on key apps from Sunday,” IG Chief Market Analyst Chris Beauchamp said.

New lockdown restrictions begin in North East as Lancashire expected to follow

  New lockdown restrictions begin in North East as Lancashire expected to follow People in northeast England will not be able to meet others outside their household from today - as Lancashire is also expected to be placed under tighter restrictions. More than 10 million people across the UK are now in lockdown, after new restrictions in Northumberland, North Tyneside, South Tyneside, Newcastle-upon-Tyne, Gateshead, Sunderland and County Durham began at midnight.Residents in these areas are banned from socialising with others outside their household or bubble, food and drink venues are restricted to table service only and all leisure and entertainment venues must close at 10pm.

Markets nervous ahead of new lockdown restrictions . EIB ups financing for Fiat Chrysler's electric vehicles to 800 million euros. Asda enters convenience market with EG trial. Lifestyle. Lady Amelia showcases her boho look in Notting Hill.

Tough new restrictions to control the spread of coronavirus were announced for the North East of England last night, ahead of further rules Police officers survey the normally heaving Big Market area of Newcastle. Pubs are closing at 10pm due to a new localised lockdown to battle the pandemic.

In company news, the biggest hits came in the airline and travel sector as the prospect of lockdown looked like impacting the October half-term school holidays.

British Airways and Aer Lingus owner, International Consolidated Airlines (IAG) saw shares fall 18.9p to 110.55p – a drop of 14.6%. Intercontinental Hotels also fell 194p to 4,137p and EasyJet fell 54.6p to 539.6p.

The moves followed news from Ryanair, which said it will cut capacity for October by 20% above the 20% cuts previously announced last month over EU changes on travel restrictions.

Banks also took a knock as talks over a possible Bank of England rates cut turning negative spooked some investors.

NatWest lost 3.17p to 96.88p; Barclays closed down 3.12p at 97.42p and Lloyds lost 1.015p closing at 25.24p.

The Office for National Statistics revealed retail sales were up in August for the fourth consecutive month, although they slowed month on month from 3.7% growth in July versus 0.8% growth in August.

Boris warns critics of 'many more deaths' as he brings in new lockdown

  Boris warns critics of 'many more deaths' as he brings in new lockdown The Prime Minister said he was 'deeply, spiritually reluctant' to make the changes but they were necessary in order to avoid a dramatic surge in deaths and a new total lockdown.In a televised address to the nation the Prime Minister, flanked by a Union Jack, said he was 'deeply, spiritually reluctant' to make new 'impositions, or infringe anyone's freedom' after unveiling new measures in Parliament today.

The sweeping lockdown is set to take effect on September 18 at 6am local time, multiple Israeli media reported The Israeli cabinet is expected to approve the new stringent restrictions on the movement of Perhaps the toughest restrictions of all will affect schools, which, according to the proposal, will

Britain’s housing market remains gripped by the Covid-19 pandemic. New mortgage approvals fell to The number of new home loans approved in Britain has fallen by 90% since the start of the Covid-19 With lockdown meaning that lenders were unable to send valuers out to physically view properties

The slowdown received mixed responses from investors, with clothes retailer Next down 172p at 6,254p; whilst Tesco closed up 4.4p at 219.6p and Asos closed up 62p at 5,06p.

Elsewhere, investment banking giant Investec confirmed 210 jobs at its London headquarters would go, reducing headcount in the capital by around 13% to “simplify and focus the business”.

The UK and South African firm said its performance in the five months to August 31 was impacted by lower average interest rates, reduced client activity and a 22% depreciation of the rand against the pound. Shares closed up 1.1p at 139.45p.

The biggest risers on the FTSE 100 were Fresnillo up 63 p at 1,343p; Pennon up 41p at 1,060.5p; Ocado up 105p at 2,817p; Evraz up 7.6p at 347.4p and Schroders up 60p at 2,840p.

The biggest fallers on the FTSE 100 were IAG down 18.9p at 110.55p; Polymetal down 117.5p at 1,763p; Rolls-Royce down 9.75p at 180.15p; Barratt Developments down 25.1p at 473.9p and WPP down 28.4p at 599.6p.


Video: "Around 695,000 jobs lost since March as unemployment rises" (Evening Standard)

Timeline of key events since UK was put into lockdown .
Unprecedented restrictions were announced on March 23. – March 23: The UK public is told that they will only be allowed to leave their homes for limited reasons, including food shopping, exercise once per day, medical need and travelling for work when absolutely necessary. © Provided by PA Media Prime Minister Boris Johnson addressing the nation from 10 Downing Street (PA Video) All shops selling non-essential goods are told to close, gatherings of more than two people in public are banned, events including weddings – but excluding funerals – are cancelled.

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