South African financial
services firm Investec said on Thursday it has strong liquidity
and capital to support its clients, but warned that lending will
be muted, impairments will rise and interest income will be hit
by the coronavirus crisis.
European shares fell on Thursday as
investors braced for the latest batch of business activity data
to underline the blow to the euro zone economy from sweeping
lockdown measures imposed to curb the virus spread.
Foreign investors were net sellers of
Japanese equities in the week to May 15, marking a fourteenth
consecutive week of net selling, with sentiment weighed down by
a deterioration in U.S.-China relations and the COVID-19
Britain's Financial Services
Compensation Scheme (FSCS) said it had earmarked 44 million
pounds ($54 million) to pay claims from a small number of the
investors who lost money after the collapse of investment
company London Capital & Finance (LCF).