Markets rebound as banks offer coronavirus support to firms and mortgage relief – business live

Markets rebound as banks offer coronavirus support to firms and mortgage relief – business live

BP saw its share price fall almost 20% yesterday, while Shell saw an 18% fall following the collapse in the oil price.. "We are monitoring the potential impact of Coronavirus across all our customers to ensure we can support them appropriately through any period of disruption.. UK banks are taking steps to support British businesses through the economic shock of coronavirus.. Lloyds Banking Group has pledged to offer £2bn of new funding for small firms, which won't come with any arrangement fee, to help their cashflows cope with Covid-19.. Standard Life, one of the UK's biggest investment companies, has suspended all international travel as it tries to deal with the coronavirus outbreak.. After falling into a bear market yesterday, today's rally might drag European stocks out again.. Wall Street is set to rebound today, partly thanks to Donald Trump's promise of tax cuts to support the US economy through the coronavirus crisis.. From April 1, Aramco will offer customers 12.3m barrels of oil per day, up from 10m bpd previously, it says.. Italy 'to suspend mortgage payments'. Reuters is reporting that mortgage payments are be suspended across Italy, as part of Rome's measures to tackle the coronavirus outbreak..