F&O in the press – New Covid-19 variant triggers heavy selling

Covid-19 news

Share:

Today’s Guardian leads with breaking news of a new Covid-19 variant and the consequences for global equity markets.

Early readings from trading in futures contracts points to rough session ahead, with traders concerned of a revisit to the dark days of ‘lockdown’.

The government’s go-to strategy for thwarting the spread of coronavirus has been to implement stay-at-home rules including working from home and home-schooling, coupled with the closure of offices, shopping centres, pubs, restaurants, cinemas and gyms. Can the economy, businesses and families afford another national lockdown?

The Guardian – 26th November 2021
“We expect heavy selling action this morning as traders de-risk amid the discovery of a new covid variant. The FTSE is called lower by some 200pts, Dow Jones futures are trading 800pts lower. Expect double-digit losses in travel and tourism stocks. Oil stocks will also trade lower, tracking declines in underlying crude prices.”1
Marc Kimsey, Frederick & Oliver.

Read more

Sign up to ‘City View’ our award-winning newsletter
Make sure you receive the need-to-know stock market news, every morning. Sign up below.


1 – Source: https://www.theguardian.com/business/live/2021/nov/26/stock-markets-shares-oil-covid-variant-ftse-sterling-rand-business-live

By Marc Kimsey

Sign Up to City View

To access the latest and most relevant market headlines for your portfolio, sign up to City View here.

Complete the form below to access City View:

Related Blog Posts