Housebuilders dragged markets lower on Friday as the property market looks set to dry up during the key spring selling season.
Stock exchanges around the world have closed the day up much higher despite some of the worst economic data ever to hit markets.
Rishi Sunak’s “colossal bailout” was not enough to stabilise the markets on Wednesday, as global governments seem powerless in the face of falling stock exchanges.
London Stock Exchange has closed with heavy losses as the scale of the Covid-19 pandemic took its toll on virtually every sector.
London’s top 100 companies saw earlier gains pared back as the market eked out sluggish growth at the end of what proved to be the third worst week in the index’s history.
London’s FTSE 100 Index has suffered its biggest one-day fall since 1987 with more than £160 billion wiped off the value of blue chip stocks amid Covid-19 carnage on global markets.
The FTSE 100 has closed the day down by more than one 10th as fears over Covid-19 sparked the index’s worst bloodbath since 1987.
Global shares plunged on Thursday after the World Health Organisation declared a coronavirus pandemic and indexes sank on Wall Street.
A bloodbath stained trading floors across the world on Monday as traders reacted to a huge drop in the price of oil when Riyadh launched the first salvo in an oil price war against Russia.
Stock markets have tanked around the world as investors deal with the fallout from coronavirus and Saudi Arabia and Russia face off over oil prices.
The FTSE 100 index of leading companies had enjoyed three days of growth, after the worst falls since the financial crisis.
Speculation is rife in the City that the Bank of England may be minded to cut interest rates following a similar move by the US.
The major European markets climbed for a second day on hopes that governments and central banks will intervene and provide stimulus in response to the coronavirus outbreak.
The FTSE 100 closed in the green following a volatile session which saw it initially surge, slip back into the red amid coronavirus fears and then return to modest growth in the afternoon.
The global market rout continued on Friday, as traders stampeded away from stocks across Europe, Asia and the Americas.
London’s main index was on course for its worst week since the depths of the financial crisis as markets opened down by 3.7% on Friday morning.
Markets faced another nightmare day on Thursday, with London’s top index losing more than 4% of its value at one point.
Markets around the world reacted with fright on Thursday as stock exchanges plummeted with the Covid-19 outbreak showing now sights of slowing.
The coronavirus outbreak has continued to spook markets as the London Stock Exchange dropped to a new 13-month low and traders warned that the virus could lead to “anaemic global growth”.
European stock markets have continued plunging after the worst two-day losing streak for two years overnight on Wall Street on worries over the coronavirus outbreak.
Global markets extended a nightmare run on Tuesday as coronavirus fears continued to grip investors across the world.
London’s top flight index has dropped by nearly £100 billion in just 48 hours as fears over the spread of coronavirus extended a brutal share sell-off.
Markets opened sharply down across Europe as the week began amid worries about the spread of coronavirus on the continent.
The major markets paused for thought on a subdued trading session amid increasing caution over the spread of coronavirus.
The London markets stumbled into the red as major global firms were shaken by Apple’s warning that coronavirus will press on the firm’s revenues.
The FTSE 100 pushed marginally higher on a subdued trading session as investors hoped stimulus from China can help to ease pressure from the spread of coronavirus.
The London market has tumbled into the red on renewed coronavirus fears and after the shock resignation of Sajid Javid as chancellor sent the pound higher.
London’s top flight enjoyed another session of gains as global markets rallied on mounting hopes of a slowdown in the spread of the coronavirus outbreak.
London’s markets were lifted by the rising tide on Tuesday as global markets turned a blind eye to the outbreak of coronavirus, and sent stocks soaring.
A third of all board positions on the blue-chip FTSE 100 are now held by women – hitting a Government-backed target earlier than expected.