The European Central Bank's Governing Council will be in focus over the coming week, with markets anticipating that the coronavirus outbreak will force its hand when it meets on Thursday.
Stocks in Europe got slammed again at the end of the week as investors rushed into the relative safety of government bonds, alongside big moves in the euro and crude oil futures.
London equity markets finished near their worst levels of the session on Friday, with oil and gas shares under the cosh after the Russian Federation refused to go ahead with another oil output cut alongside the Organisation of Petroleum Exporting Countries.
US non-farm payrolls in February blew the doors off analysts' estimates.
Russia is willing to extend the existing oil output curbs agreed with other OPEC+ countries until June, but for the moment refuses to participate in extra reductions.
The FTSE 100 ended the week 118 points lower, at 6,462. 55.
Shares of Spanish drug outfit PharmaMar surged at the end of the week after clinching Brussels's stamp of approval for its coronavirus diagnostic kits.
Speciality pharmaceutical company Diurnal Group announced a conditional placing with institutional investors on Friday, to raise at least £7m before expenses, at a price of 32p per new share.
Renishaw revealed on Friday that chief executive William Lee had acquired 900 ordinary shares in the FTSE 250-listed engineering company.
US stocks recorded early losses at the bell on Friday as investors digested the latest monthly non-farm payrolls data and looked ahead to a raft of comments from Federal Reserve heads.
Berenberg downgraded its view on shares of Jupiter Fund Management in light of the increasingly volatile and difficult market backdrop, which would only make it harder for the firm to address the multiple strategic challenges that it was facing.
London’s FTSE 250 was down 3% at 18,833. 39 in afternoon trade on Friday.
Urban Exposure updated the market on its discussions with Pollen Street Capital around the potential disposal of its loan book on Friday.
UK-based oil and gas company Hurricane Energy updated the market on commercial arrangements with its joint venture partner in the Greater Warwick Area (GWA), Spirit Energy, on Friday.
Lifestyle and travel platform provider Ten Lifestyle Group updated the market on its trading on Friday, reporting that adjusted EBITDA for its first half was expected to be breakeven and in line with its expectations.
Orphan drugs-focussed pharmaceutical company Open Orphan announced the signing of a new contract with an unnamed European biotechnology firm for the provision of an RSV human challenge study.
Anglo American Platinum said on Friday that it has declared force majeure and cut production guidance after temporarily shutting down the Anglo Converter Plant.
Shares of Norwegian Air tumbled on Friday as Pareto Securities downgraded its rating on the stock to ‘hold’ from ‘buy’, citing concerns about liquidity and the impact of the coronavirus.
London’s FTSE 100 was down 3. 8% at 6,448. 03 in afternoon trade on Friday as coronavirus fears roiled markets.
Analysts at Canaccord Genuity stood by their 'sell' recommendation for shares of Provident Financial Group, pointing out how changes in its accounting had flattered its bottom line for the 2019 financial year.
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