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BATM hopes for summer launch of new coronavirus home testing kits

Thursday 26 Mar 2020

A new diagnostic home testing kit for the coronavirus could be ready within three to four months, according to one specialist equipment manufacturer. AIM-quoted BATM Advanced Communications ( BVC:AIM ) , a medical equipment designer based in Israel, has gone into partnership with life sciences firm...

Panic buying of US dollar sends sterling to 35-year low

Thursday 26 Mar 2020

In the past week the US dollar has soared against other currencies as investors have stampeded into what are considered safe-haven assets on fears that the coronavirus will send global economies into freefall. At one point, sterling hit a 35-year low against the US currency at $1.15, partly on the...

Banks face mounting challenges from low rates and coronavirus

Thursday 19 Mar 2020

On balance, decisions this month by the US Federal Reserve and the Bank of England to slash interest rates in order to help prop up their respective economies in the face of slowing growth – and the threat of a recession due to the spread of coronavirus – are bad news for the banking sector. While...

Sectors seeing increased demand as a result of coronavirus

Thursday 19 Mar 2020

The extent of the economic fallout from consumer self-isolation is becoming palpable with share prices in the retail, leisure and hospitality sectors falling sharply. However the enforced change in behaviour is having a positive impact in some areas. Dixons Carphone ( DC. ) , AO World ( AO. ) and...

Making sense of the latest market movements

Thursday 19 Mar 2020

There is a scramble to work out the extent of the coronavirus impact and how much of it has been priced in by markets as investors react to a rapidly increasing number of global infections. The US market really fell over on 16 March, giving back all of the gains from a big rally on 13 March and...

Will airlines and holiday companies survive the coronavirus fallout?

Thursday 19 Mar 2020

Airlines and holiday companies face a precarious future and there’s no guarantee they’ll survive what could be a long-term travel freeze and slow recovery. However, the London-listed operators apart from TUI ( TUI ) look better placed than their European rivals. EasyJet ( EZJ ) , Wizz Air ( WIZZ )...

What the Budget and UK rate cut means for markets and investors

Thursday 12 Mar 2020

The Bank of England and the Treasury managed a one-two punch on 11 March as interest rates were cut by 50 basis points to a record low of 0.25% and hundreds of billions of pounds of new spending was announced. This did little to boost sentiment in the wider market as ongoing coronavirus fears and a...

Taking stock of Black Monday which caused severe market damage

Thursday 12 Mar 2020

At the worst point on Monday 9 March, the FTSE 100 traded 8.4% lower, recording its fourth biggest one-day drop on record. Only two days during the 1987 crash (12.2% and 10.8%) and in the 2008 global financial crisis (8.8%) were worse. The oil sector bore the brunt of the latest sell-off with an...

Is the latest sell-off history repeating itself, and if so what can we expect next?

Thursday 12 Mar 2020

They say that history doesn’t repeat, but it certainly rhymes because this year’s large market sell-off has seen most sectors perform bang in line with their performance in previous sharp sell-offs. As we previously explained , the past decade has seen three sharp in declines in stocks – in mid-...

Extraordinary movements on the bond market

Thursday 12 Mar 2020

Bond markets have been on an extraordinary run this year, judging by the move in US long-term government bonds (known as Treasuries) where prices are up 25% so far in 2020. In the UK, yields went negative for the first time on 9 March with bonds of maturities up to seven years dipping below zero...

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