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UK PM Johnson: Our economy has been shaken

Commenting on the impact of the coronavirus on the UK, British Prime Minister Boris Johnson said that the UK economy has been shaken, as reported by Reuters.

Additional takeaways

"Shortcomings of the labour market and education system made apparent by the crisis."

"We have a shortage of many crucial skills. The market will pay richly for skills, the problem is with supply."

"At this moment, there is a shortage of UK-trained lab technicians and other crucial skills."

"The economy is underproductive."

Market reaction

These comments don't seem to be having a significant impact on market sentiment. As of writing, the UK's FTSE 100 Index was down 0.43% on the day at 5,902.

Italy 10-y Bond Auction declined to 0.89% from previous 1.11%

Italy 10-y Bond Auction declined to 0.89% from previous 1.11%
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Copper to fall towards the 6226 August low – Commerzbank

Copper (LME) formed a top at 6877.50 and is set to slide further towards the August low at 6226.00, according to the Technical Analysis Research Team
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