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COVID-19 TOTAL DAILY
CASES 280,461 432
DEATHS 5,999 15
Sindh 121,705 Cases
Punjab 93,336 Cases
Balochistan 11,777 Cases
Islamabad 15,095 Cases
KP 34,253 Cases

It’s evident that the coronavirus impacted the whole world. Millions of people all over the globe suffered exposure to this virus that proved to be fatal for some. People’s lives weren’t the only things affected. The global economy also took a big hit. Some of the biggest stock markets in Europe were crippled by the virus.

However, the country’s governments responded accordingly and managed to get themselves out of a near crisis. One of the biggest stock markets in Europe and the world is the UK stock market. It also took damage but managed to get back on track.

What Happened?

As mentioned before, the virus has a major impact on the UK’s economic activities. It has particularly affected the stock market which is visible from the share prices. These prices let everyone see how different industries are impacted by the virus in real-time. This kind of data can help measure the impact of the crises and help experts come to decisions on how to contain it.

Some of the industries that have been hit the hardest during the pandemic are the tourism and leisure industries, which include air travel, insurance, retail, fossil fuel production, and distribution industries, as well as large manufacturing industries. The period from the beginning of January to the middle of March was critical as the FTSE all-share index fell to 35%.

On the other hand, some industries outperformed the market. These include food and drug manufacturers along with high tech manufacturing and utilities. Medical and biotech firms naturally, belong to this group and fell 16% relative to the overall 35%.

What Does This Mean for Stock Brokers?

Unfortunately, the COVID 19 crisis still hasn’t passed which means that stockbrokers will have to make careful investment decisions. Beginners in the stock market can get the help of the best trading platforms UK has on offer. These platforms have access to real-time data and have the software required to assist you in your investing decisions.

The Current Situation

In general, the UK stock market managed to recover a bit from the crisis. However, the current situation shows that the FTSE 100 dipped because of a dulled optimism for a swift recovery. After booking a quarterly loss, the turnaround specialist MRON.L tumbled to the bottom of the FTSE 100 for 16.7%. It also announced that it might cut jobs to battle the turndown.

On the other hand, the mid-cap FTSE 250 was flat. This was the case thanks to the gains of tech and healthcare firms offset by declining real estate stocks as well as the declines of consumer discretionary. The blue-chip FTSE 100 was down by 0.5% due to declines in Europe. The declines were a consequence of a rise of coronavirus that surges to over 15 million. Also, bank stock fell by 1%.

According to experts, this dip is in fact a pause before companies can find out what’s hiding behind the corner. Since the economy is impacted on a global scale the outcome of current situations will help governments and businesses come to a decision about what to do next.

Conclusion

Although the UK stock market has managed to rebound from a crisis it’s still unclear what the future will bring. European stocks jumped significantly after the virus-induced slump. This was possible due to EU leaders agreeing on a landmark stimulus package to get them out of the rut. The US President Donald Trump is optimistic and states that the pandemic will get worse before it gets better. Naturally, different countries will have a different outlook on how the pandemic will play out. Everyone has to brace for the future and make their decisions accordingly.