RE: So much shut is talked about this on Twitter19 Nov 2020 15:54
London midday: Stocks in the red as virus fears weigh
Thu, 19th Nov 2020 10:55
ShareCast
(Sharecast News) - London stocks were still weaker by midday on Thursday as optimism over a potential Covid-19 vaccine was replaced by worries about rising cases, tightening restrictions and their impact on the economy.
The FTSE 100 was down 0.9% at 6,325.83.
IG said: "Virus fears have hit an overextended global stock market this morning, knocking European equities sharply lower and pointing towards a weaker start in the US. After the soar-away gains of the past two weeks, equities now look much more richly-valued, and thus vulnerable to an outbreak of bad news.
"This is precisely what we got in the form of spreading infections in the US but also in Japan, a worrying sign indeed for a country that had been successful earlier in the year in controlling the spread. Even reports of success for AstraZeneca's new vaccine were not enough, the impact of these vaccine announcements having been on a declining trend since the first, excitedly-received news from Pfizer almost three weeks ago.