High-flying European shares were brought crashing back down to earth on Friday as UK markets dropped on worries over the coronavirus.
Warnings from the US over coronavirus and its future trading relations with Europe were enough to scare investors and send markets tumbling on Wednesday.
Markets closed the day out in positive territory as traders welcomed a series of encouraging data from China, the eurozone and the UK that showed the service sector was recovering.
European markets ended the day in the green as their cousins across the pond shrugged off unrest in cities across the US.
London’s top shares took a tumble on Thursday as a bad day for British banks was largely offset by a good showing for the country’s airlines.
The FTSE bounced as traders welcomed the Chancellor’s plans to extend the Government’s furlough scheme.
Global markets closed higher after traders were buoyed by news that some countries are set to ease their current lockdown measures.
The London Stock Exchange relies heavily on its major oil players to help its leading index move.
A rout in global oil markets continued on Tuesday, as traders in Europe caught up with extraordinary events in the US on Monday evening.
A massive stimulus package in the US excited markets on Thursday as the trading week ended on a high.
A late rally after the news that Bernie Sanders would pull out of the race to be US President was not enough to erase the impact of a soaring pound on the FTSE 100.
Investors remained positive on Tuesday as markets continued the strong momentum from Monday, as small signs that the coronavirus pandemic is cooling slightly in the hardest-hit European countries.
Global markets opened the week in positive territory as investors cheered signs that the number of coronavirus cases may be stabilising.