Market Report

Market Report by Email

If you would like to receive the daily Market Report by email please fill out your name and email address in the sign-up form below and you will be added to our mailing list.

* indicates required

Please select all the ways you would like to hear from Ramsey Crookall:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our email marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing.

Learn more about Mailchimp's privacy practices here.

Monday, 27 January 2020 17:00 GMT

Global stock markets tumbled sharply as fears over the economic fallout from the Chinese coronavirus outbreak intensified.

The U.S. dollar index, the Japanese yen and the Swiss franc rose while the offshore yuan tumbled to a 2020 low as growing fears about the spread of a coronavirus from China pushed investors into safer assets.

Oil slipped as concerns that a virus in China may spread further than first feared, curbing travel and oil demand.

Gold climbed as mounting concerns over the economic fallout of the coronavirus outbreak sent investors scurrying for safe havens.

In corporate news, travel related stocks IAGInterContinentaleasyJet and Carnivalwere all dented by worries about the impact of the coronavirus.

Luxury fashion brand Burberry, which has big exposure to China, was also under pressure, dented further by a rating downgrade at MainFirst.

Miners - which are heavily dependent on demand from China - were also down, with Anglo American and Rio Tinto both in the red.

Elsewhere, Halma was on the front foot after saying it had made two acquisitions in the US and Australia for a combined £83.4m. It bought NovaBone, a designer and manufacturer of US FDA-approved synthetic bone graft products, based in Florida, for £74m. It also purchased a 70% stake in FireMate, a Brisbane-based company which provides cloud-based fire protection maintenance software to fire contractors.

Markets

At the close
FTSE 100 7,412 (-2.29%)
FTSE 250 21,303 (-2.11%)
DAX 13,204 (-2.74%)

At 16:52
Dow Jones 28,586 (-1.39%)
S&P 500 3,250 (-1.38%)
NASDAQ 9,143 (-1.84%)

Fixed Income

UK 10-YR YIELD 0.51

Exchange Rates

GBP/USD 1.305
GBP/EUR 1.184
GBP/ZAR 19.078

Commodities

Gold $1,581 +0.65%
Brent $58.83 (-3.02%)

Members of the London Stock Exchange and PIMFA | Licensed by the Isle of Man Financial Services Authority (IoMFSA) Registered Office: Ramsey Crookall and Co. Ltd., 38/42 Athol Street, Douglas, Isle of Man, IM1 1QH Copyright © 2009 - 2020 Ramsey Crookall & Co. Ltd
Building Personal Finance Futures London Stock Exchange