RE: FTSE10030 Jul 2020 13:41
Boris, he mentions the 2nd wave of c19. This is just pain wrong.
What is currently happening is a ripple at end of the first wave. We will get several more of different intensity.
The banks are setting aside large impairment figure for load defaults.
Oil companies downgrading their oil reserves.
All paper adjustments but all affecting their SP.
All this leading to ftse being down. Sentiment being poor.