Markets rise despite Covid-19 lockdown double-dip fears – as it happened | Business

“It is important to remember that approximately three quarters of the FTSE 100 generates its earnings overseas, so a new England-wide loc...


“It is important to remember that approximately three quarters of the FTSE 100 generates its earnings overseas, so a new England-wide lockdown is less of an issue to the index although it does affect investor sentiment.

“That might explain why the FTSE 100 only slipped 0.2% to 5,566 whereas the more UK-focused FTSE 250 index fell by a greater amount, down 0.6% to 17,116. One must also consider that the market has already priced in a lot of bad news, as reflected by last week’s terrible showing for equities.

“Drilling down into the UK equities space, it is clear to see that investors are sifting through the market looking for lockdown winners and dumping lockdown losers.

“Supermarkets are going to be in demand once again, with chatter that big queues already started to form over the weekend. Sales could improve for this sector over the coming month, but costs are also likely to be higher as companies likely reintroduce measures to help keep customers safe and crowds under control.

“The key threat to this potential sales rally is the weather. People might be less willing to queue in the Autumnal wind and rain and so supermarkets may not see as strong a hike in sales as they saw during the Spring when the weather was more favourable.

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Newsrust: Markets rise despite Covid-19 lockdown double-dip fears – as it happened | Business
Markets rise despite Covid-19 lockdown double-dip fears – as it happened | Business
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https://www.newsrust.com/2020/11/markets-rise-despite-covid-19-lockdown.html
https://www.newsrust.com/
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https://www.newsrust.com/2020/11/markets-rise-despite-covid-19-lockdown.html
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