London equities have dipped after running up some decent gains in recent trading sessions. Our Trader writer Neil Wilson says: 'What goes up must come down. European stock markets were trading weaker in the early part of the session after the US rolled over yesterday and we had a weak handover from Asia. The FTSE 100 shed 70 points, or 1.25 per cent, in early trade. Wall Street suffered a sharp pullback yesterday with the Dow finishing down 26 points having at one stage being up 900 points.
Sentiment was strong at the start of the week, but markets are now moving around on daily death and infection rates, which are of course lumpy. Italy seems to be heading in the right direction but Spain’s death rate rose on Tuesday. France’s death rate has exceeded 10,000. New York’s numbers still look dreadful, with Governor Cuomo announcing the state’s highest daily fatality rate so far.' For Neil's full article, click here.
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