Jumps in the number of cases of coronavirus in Europe have eaten into the stock markets, as the FTSE 100 ended a three-day winning streak on Friday.
Markets continued to enjoy the extra promises of cash from central banks and governments around the world to ensure what will be a recession avoids becoming a depression.
The European market rebound at the end of last week was wiped out in early trading on Monday as deadlock over the US stimulus package unnerved traders.
The stock market ended a second consecutive day up as investors started to hold tight and wait to see whether the huge sums promised by the Government will filter through to companies.
An influential investor advisory group has called on British companies to totally suspend bonuses and all other non-salary pay as markets made a slight recovery.
The European stock markets rallied on Tuesday as intervention from the US central bank finally helped to boost global sentiment.
Leading companies on the London Stock Exchange staged a minor recovery in early trading on Friday as investors started to react to new rules and funding provided by central banks and governments to tackle the coronavirus outbreak.
The London Stock Exchange’s leading index of companies has plummeted as much as 9.7%, wiping almost £143 billion off the value of its constituents.
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.
An all-out oil war between Saudi Arabia and Russia has led to stock markets and oil prices tanking around the world.
The global market rout continued on Friday, as traders stampeded away from stocks across Europe, Asia and the Americas.
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.
Fear infected the stock market on Monday as worries over the impact of the coronavirus saw investors sell up and send the FTSE 100 to a six-week low.
The FTSE 100 continued its rebound as the major European markets all shook off fears over the coronavirus.
The FTSE 100 closed lower after the strengthening pound pressed on the index following a bright morning driven by good performances from housebuilders.
European markets followed the gains made by their counterparts across the pond, with the FTSE 100 hitting a six-month peak, as traders cheered on data from China and a falling pound.
Markets pushed higher on Wednesday as traders waited for the US and China to sign a first-stage trade deal to bring their long-running trade war to an end.
Stock markets struggled to make headway on Tuesday as gloomy Chinese data sparked renewed global slowdown fears and as traders awaited the imminent US-China trade deal.
The threats of retaliation coming out of the US and Iran over the last 24 hours were enough to spook markets into taking a knock by closing time on Monday.