London stocks tumble on fears of seconds virus wave | Arriba Trends

London stocks tumble on fears of seconds virus wave


On Monday, London FTSE 100 fell more than 2%  because of the record number of new cases of the COVID-19.  The economic growth in China is slower due to the COVID-19 pandemic this has raised the concern.

The effects of COVID-19 can be seen in various sectors like banking, small industries, mining, and the energy sector. The FTSE 250 fell 1.9%, leading to a decline in such sectors. 

Markets of the Europe are also suffering because of  COVID-19. On Monday, the data showed a fragile increase than expected in China’s factory production at the same time other countries like Britain and US  production has nearly   fallen 80% down when compared to the last year.

Low – Cost airline easy-jet shed down to  2.7% even after resuming flights for the first time since March 30. Due to the bad Effects of COVID-19 people avoiding travel as a result revenue from such sectors is declining.

The decline has also been seen in the recruiting activities as SThree slid 3.7% on reporting lower half-year net fees, because of COVID 19. The Business supplies distributor Bunzl was the sole gainer on the FTSE 100, jumping 4.9%, as its forecast an increase in revenue for the first half of the year. Demand from safety and healthcare has suddenly boosted. Especially the revenue from healthcare sectors is increasing much as expected.

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