The Trader 

Market Outlook: Stocks struggle, HSBC impairs, Microsoft/TikTok, US tech threat & more

Market Outlook: Stocks struggle, HSBC impairs, Microsoft/TikTok, US tech threat & more

The declaration of a 'major incident' in Greater Manchester where covid-19  infections are rising in various clusters has not helped brittle confidence among traders in London. Despite Asian markets performing solidly overnight - Japan's Nikkei closed more than 2 per cent higher - the FTSE 100 sold off shortly after the open, building on last week's selling momentum which means the blue chip index is now down more than 4 per cent over the past five trading days. 

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