FTSE 100 hits seven-week high despite slump in UK retail sales and US confidence - as it happened
https://www.theguardian.com/busines...0853abef659102#block-5ea84e398f0853abef659102
European stock markets have hit their highest levels in seven weeks, despite another torrent of bad economic data.
Hopes that the Covid-19 lockdowns will soon ease have lifted shares again today, with Britain’s FTSE 100 gaining almost 2% and solid gains across Europe.
The rally came despite a series of grim reports, that confirmed the world economy is entering a deep recession.
US consumer confidence suffered a record plunge, hitting its lowest level in five years. Americans reported that their current economic situation has worsened dramatically this month, although they’re a little more optimistic about the future than a month ago
https://www.theguardian.com/busines...0853abef659102#block-5ea84e398f0853abef659102
Source: https://www.google.com/amp/s/amp.theguardian.com/business/live/2020/apr/28/oil-tumbles-brent-crude-bp-shock-ftse-recession-covid-19business-live
https://www.theguardian.com/busines...0853abef659102#block-5ea84e398f0853abef659102
European stock markets have hit their highest levels in seven weeks, despite another torrent of bad economic data.
Hopes that the Covid-19 lockdowns will soon ease have lifted shares again today, with Britain’s FTSE 100 gaining almost 2% and solid gains across Europe.
The rally came despite a series of grim reports, that confirmed the world economy is entering a deep recession.
US consumer confidence suffered a record plunge, hitting its lowest level in five years. Americans reported that their current economic situation has worsened dramatically this month, although they’re a little more optimistic about the future than a month ago
https://www.theguardian.com/busines...0853abef659102#block-5ea84e398f0853abef659102
Source: https://www.google.com/amp/s/amp.theguardian.com/business/live/2020/apr/28/oil-tumbles-brent-crude-bp-shock-ftse-recession-covid-19business-live