Where will the FTSE 100 go next, with the Covid-19 lockdown extended?

first_img I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Image source: Getty Images. Views expressed in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Alan Oscroft | Wednesday, 15th April, 2020 “This Stock Could Be Like Buying Amazon in 1997” Where will the FTSE 100 go next, with the Covid-19 lockdown extended? Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Simply click below to discover how you can take advantage of this.center_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Our 6 ‘Best Buys Now’ Shares The FTSE 100 ended Tuesday at 5,791 points, down 51 on the day. That’s a relatively small movement compared to some of the big ups and downs of recent weeks.It came on the same day the government confirmed that we’re not getting any let-up in the Covid-19 lockdown this week. Oh, and after the Office for Budget Responsibility suggested UK GDP could fall by 35% in the second quarter, should the lockdown continue until June.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…FTSE 100 economic boost?Opening up the economy and boosting the FTSE 100 by loosening the lockdown rules seems far from a government priority. Chancellor Rishi Sunak has said: “Right now the single most important thing we can do for the health of our economy is to protect the health of our people.“What might this all mean for the FTSE 100 over the next week, month, and longer?For one thing, that suggested 35% figure for a possible GDP fall actually sounds pretty bright to me. If much of the economy remains suspended and non-essential businesses remain closed for the full quarter, I’d expect a bigger drop.Worst since the 30s?In fact, the International Monetary Fund has suggested we’re in for the worst economic decline since the Great Depression of the 1930s. And if that happens, any current FTSE 100 optimism could easily evaporate.I also think I’m seeing excessive optimism from other quarters. One is the number of countries starting to relax their restrictions. New coronavirus cases do appear to be starting to flatten off in some of the worst affected places.But loosening the lockdowns just when they’re starting to work could possibly prove disastrous. I’m no medical expert, but World Health Organization chief Dr Tedros Adhanom Ghebreyesus has warned that too quick a relaxation could spark a “deadly resurgence.” And I’d trust Dr Ghebreyesus before I’d take the word of an upbeat politician.Pessimistic, me?So does all of this mean I’m full of doom and gloom regarding the FTSE 100? Not a bit of it.I do think it’s dangerous to be looking for next week’s big gain, and trying to dip in and out of short-term rises and falls. That can be a costly business at the best of times. But right now, with double-digit share price gains and losses almost every day, the temptation is surely stronger. And the danger is greater too.Over the longer term, I’m as upbeat about the FTSE 100 as I’ve ever been. The UK stock market has, after all, beaten other forms of investing hands down over more than a century. That’s through the 30s crash, through two world wars, through a number of oil crises, and through the banking meltdown.What FTSE 100 dips?And look at the long-term stock market charts now and see what those disasters looked like. You can barely see them as blips in the relentless long-term rise of share prices.So I say just keep on dripping your investment cash into your ISA, or SIPP, or whatever account you use. And keep buying great companies at fair prices. I say the FTSE 100 will almost certainly reward you well in the years and decades ahead. Enter Your Email Address I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. 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New Russia virus cases top 10,000 for sixth day

first_imgRussia on Friday registered more than 10,000 new coronavirus cases for the sixth day in a row, after emerging as a new hotspot of the pandemic.A government tally showed 10,669 new cases over the last 24 hours, fewer than Thursday’s record of 11,231 and bringing the total number of confirmed infections to 187,859.The country also recorded 98 new deaths from the virus, for a total of 1,723.  Russia now ranks fourth in Europe in terms of the total number of cases, according to an AFP tally, behind countries where the epidemic hit considerably earlier: Britain, Italy and Spain.On Thursday Moscow Mayor Sergei Sobyanin announced an extension of a lockdown in the capital, where most cases are concentrated, to May 31.He also brought in a rule that people will have to wear masks and gloves in public transport and shops or face fines from Tuesday.Residents of the capital are only allowed to leave their homes for brief trips to a shop, to walk dogs or to travel to essential jobs with a permit.Russia has a national non-working period until May 11 that so far has not been extended.On Saturday, when the country usually marks Soviet victory in World War II with large-scale military parades, there will only be fly-pasts and fireworks. For the first time, President Vladimir Putin will give a speech by the Eternal Flame memorial beside the Kremlin walls instead of during a parade on Red Square. Topics :last_img read more

Michigan leaders and activists hold press conference to express frustrations with contaminated water

first_imgAddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisOSCODA, Mich. — PFAS is still lingering in the water of Oscoda residents. They’ve asked for solutions to the contamination for years. Now communities across Michigan are fed up and demanding a change.Representatives from Grayling, Flint, and other Michigan communities have expressed their frustrations at a press conference held Wednesday afternoon to address the contaminants in their water. They say it’s been a problem for way too long. Tony Spaniola, a member of community action group Need Our Water (NOW) is among those fed up with how long it’s taking for the problem to be fixed.“The Air Force is dragging it’s feet here in Oscoda. It’s still supposedly doing investigations and studies and we believe they’ve been doing this for nine years, they’ve had plenty of time, that there’s plenty of information and they need to get down to business.”Residents are tired of waiting for answers, and their families are already feeling the effects of the harmful chemicals. Flint activitist Arthur Woodson says he’s already seen multiple sicknesses in his family, he doesn’t doubt that chemicals in the water could be the cause.“The biggest problem is some of these things doesn’t take effect health-wise until like 70 years sometimes, 30 years, 20 years. It depends on how much contamination is there.”For many residents, there’s no way around the problem.“My family’s home here on Van Etten Lake, we’ve been told that it’s not safe to drink the water from our well.”The Michigan Department of Environment, Great Lakes, and Energy will meet with Oscoda residents Friday to inform them on future plans.AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThis Tags: Oscoda, PFAS, press conference, waterContinue ReadingPrevious Alpena 4-H Club remembers 9-11 at their last show of the yearNext Student Safety is important when traveling to and from Schoollast_img read more