After a decent little run the FTSE 100 is lower today although this looks more of a slight stumble compared with the some of the big trips we have seen since the coronavirus outbreak took hold.
“The mood wasn’t helped by the fact that US stocks couldn’t hold on to gains. The markets do seem to want to be positive about the outlook but there is still considerable uncertainty about the progression of the virus and how countries might exit the lockdown measures which are having such a punishing impact on their economies.
“Difficulties in agreeing a support package for the Eurozone show how tough it could be to deliver the co-ordinated action required across the globe to mitigate the impact.
“Commodities, notably crude oil, were also lower with Russia and Saudi Arabia seemingly no closer yet to ending what feels like spectacularly ill-timed price war,” says AJ Bell investment director Russ Mould.