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The FTSE (Financial Times Stock Exchange Group) 100 is the stocks and shares market in which the 100 biggest companies listed on the London Stock Exchange are there to be bought and traded for a profit and/or loss. Investors follow these trends shown by the 100 companies on the ever changing stock market and it uncertain times like this it’s interesting to see how it’s been affect by Covid-19.
FTSE 100 to record modest gains as crunch week kicks off https://t.co/d3iXzew070
— Evening Standard (@standardnews) August 17, 2020
Although the majority of industries have been affected by the lockdown and limited trading business that has been going on – however one market that hasn’t been that affected compared to most is the gambling industry. Most punters are used to find their entertainment from the comfort of their own homes during lockdown, however operators have seen this increase during the pandemic as many haven’t been able to do their usual hobbies and have resorted to the gambling industry. Some Gambling Sites Not on Gamstop have been offering some unreal sign up offers that can’t be matched and with the huge deposit matches also it’s something that shouldn’t be missed out on. The FTSE 100 market understandably took a hit back in March when the lockdown was introduced by the Prime Minister, however since then we are starting to see a gradual increase again as expected. In fact, this quarter of the year has shown stocks surge through April and May and increased by 9% which is the best growth on the FTSE 100 market since 2010.
[Image: The Guardian]
However, this still doesn’t show the full picture as per the graph as the market is still at about half of what it was at the beginning of the year – and this is obviously worrying for not just the business owners but also stocks and share artists. Stocks will boost again, as the country gains more trust in business and the economy starts to lift also, but understandably these are worrying times for business as it’s just come out the other day that we are actually in another recession, our first in 11 years.
The UK economy has suffered its biggest fall on record
Between April and June, during lockdown, the economy shrank 20.4% compared with the first three months of the year
But, what is a recession and how could it affect you?
[Thread]https://t.co/PRAJqnQqrj pic.twitter.com/0A9hi4zHoa
— BBC News (UK) (@BBCNews) August 12, 2020
