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(M2) Correction Extends


Late Session Rebound


(M2) Corrective Cycle Remains In Play


(M2) Gains Still Considered Corrective

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UK: Per City AM: "In the first quarter, 84 per cent of finance bosses said they
are less optimistic about the prospects for their company than they were three
months ago the survey from Deloitte found. This is the lowest business
confidence reading on record, the report said, in contrast to the previous
quarter where a majority (53 per cent) of CFOs said they were more optimistic
about the financial prospects of their company. Ninety seven per cent of CFOs
said they expect UK corporates' revenues to decrease in the coming 12 months.
Respondents expected their own businesses' revenues to be 22 per cent lower on
average compared to their pre-covid-19 plans."
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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