7:43 AM · 1 May 2020

BREAKING: UK stocks Tumble

FTSE 100 (UK100.cash) fell 2.6% to trade around 5750 today, following the threat of US President Donald Trump to impose new tariffs on China in connection with the coronavirus crisis. Recent data have also shown that the UK housing market is stagnating.

FTSE 100 (UK100.cash) broke below the uptrend lines. If the current sentiment persists, then support at 5626.9 may come into play. Local resistance can e found at 5908.3 pts. Source: xStation5

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Daily summary: Weak US data drags markets down, precious metals under pressure again!

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