Weaker growth in China and concerns over future lockdowns all helped push the London Stock Exchange’s leading index into the red as the week started. With global Covid-19 cases topping 40 million, the FTSE 100 closed down 34.93 points at 5,884.65. It was followed by similar moves in France, with the Cac 40 down 0.2%, and the DAX 30 in Frankfurt ended down 0.4%. The pound was worth 1.300 dollars by Monday evening, up sharply from 1.292 when markets closed on Friday, with traders hopeful for a Brexit breakthrough. “With so many varying factors influencing market sentiment, it comes as no surprise to see confusion amongst the trading community.

Source: Irish Independent October 19, 2020 16:52 UTC