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Coronavirus impact on shares
See how the FTSE100 has performed during the pandemic with our interactive timeline
Use this page to find out how the Financial Times Stock Exchange 100 (FTSE 100) has changed since COVID-19 was first discovered, what events might have caused these changes and who the winners and losers are of a drop in share values. Our interactive chart below shows the correlation between key coronavirus-related events and our take on their impact on the FTSE 100.
Looking for an event in particular?
The table below shows the dates of coronavirus-related events and our take on their effect on the FTSE 100. Simply scroll through or use our search function to find a specific event.
What is coronavirus and why has it affected the stock market?
In early 2020, the World Health Organisation (WHO) was alerted to a new strain of coronavirus, discovered in Wuhan, China. By 30 January 2020, the disease, which has since been named “COVID-19” had been declared a global emergency. On 11 March 2020, WHO declared the coronavirus outbreak a pandemic. As of the 2nd of April 2020 there have been over 940,000 cases and 47,000 deaths worldwide.
As a result, the stock markets have crashed and the value of the pound has decreased. This is because many companies are struggling or have even stopped trading in an attempt to control the spread of the disease.
Please note that this tracker only correlates changes in the FTSE 100 stocks to coronavirus-related events, other events that influence the rates won’t be recorded.
What events have had the biggest impact on the FTSE100?
28 February 2020: WHO commented that the risk of spread was “very high at a global level”.
5 March 2020: First UK death.
9 March 2020: Oil price war started between Saudi Arabia and Russia meaning the FTSE 100 lost £144 billion (more than 8%), making this the worst day since the 2008 financial crash.
11 March 2020: WHO declared the coronavirus outbreak a pandemic with almost 5,000 deaths and more than 126,000 cases worldwide.
12 march 2020: President Trump announced a travel ban from the United States to 26 European countries.
20 March 2020: Schools closed in the UK, along with all cafes, bars, restaurants, pubs and leisure centres.
23 March 2020: Boris Johnson puts UK into coronavirus lockdown for at least 3 weeks.
What does this mean for the UK?
The Bank of England has cut interest rates to 0.1%, just a week after it cut rates from 0.75% to 0.25%. These cuts are an effort to address the coronavirus crisis. This can mean a gain for some consumers, but a loss for others.
Who will benefit?
Those on base-rate tracker mortgages
Tracker mortgages move parallel to the Bank of England base rate, so if you’re on one of these, you’ll notice that your payments will reduce.
Anyone about to take out a mortgage
You might see better deals now the Bank of England base rate has gone down, so if you’re about to take out a mortgage, you may benefit from this. This could benefit you if you’re due to remortgage, too.
Those with credit card debt
Some banks are reviewing their credit card rates to take into account the change in the Bank of England base rate, so you might see your credit card interest rate change in the coming weeks.
Who will lose out?
Those with pensions
If you’re still young, this isn’t likely to be an issue right now, as you have time for the stock market to correct itself before you retire. Those closer to retirement will have seen their pension pot fall in value if it is invested in stocks and shares. Annuity rates are also likely to be cut due to the change.
Some people with money in savings
Some banks may cut the interest rate on savings accounts to reflect the change to the Bank of England base rate. It’s still early days, so it’s worth keeping an eye on if you have money in savings.
Got money in investments?
If you have money in investments, the chances are that you’ve noticed a huge drop in the value. While this can make you feel uneasy about your money, it’s important to think about the longer term. It is not possible to predict how long this period of disruption will last but if we look at the decade after 2008 financial crisis, the FTSE rose by 39%. If you want to learn more about potential risks, check out our guide on investment risk.
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