CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider (Saxo Bank). You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money.
Covid-19 has caused significant business disruption, closures and supply chain problems globally. Investor concern has focused on the rising death toll and indefinite nature of the virus impact.
*Social distancing, self-isolation and working at home practices have been encouraged by UK/ EU governments alongside shop closures as a means of reducing the transmission of Covid-19.
*Crude oil slumped over March after Saudi Arabia ramped up production despite reports suggesting Covid-19 has reduced oil demand by 20%. Russia has refused to lower oil production despite circumstances.