Lloyds share price declined today as investors braced for more bankruptcies in the coming days. This is as more people in the UK stays indoors following last week’s government directive. The directive means that more Lloyd’s customers will be laid-off. It also means that most of them will struggle to pay-off their debt.
FTSE 100 index CFDs lagged its European peers as the Coronavirus pandemic took toll on the economy. As of this writing, FTSE 100 futures are up by about 70 basis points. This is lower than the DAX index, CAC, and Stoxx Index, which have risen by more than 1%.
Crude oil price bounced back in overnight trading as optimism returned to the market. There were four big stories that provided this catalyst.
Dow Jones CFDs attempted to rebound as investors started to question the length of the current shutdown. The index rose from an intraday low of $21,025 to a high of $21,930.