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Heineken Champions Cup 20/21: Exeter Chiefs begin defence against Glasgow Warriors | Rugby Union News

first_imgOrganisers announced in September that the Heineken Champions Cup would be expanded to 24 teams in the 2020/21 season to offset the impact of Covid-19.European Professional Club Rugby (EPCR) agreed to add four teams to the competition and alter the format for one season to cut one match from the campaign.The new-look Champions Cup will be split into four pool-stage matches, a two-legged quarter-final, a one-off semi-final and the final in Marseille on May 22, 2021. Exeter will begin their European Cup title defence at home to Glasgow Warriors – Advertisement – The 24 clubs have been split into two pools of 12, and teams from the same country will not face each other in the group stage.The Premiership, France’s Top 14 and the PRO14 will each provide eight teams to the tournament.Heineken Champions Cup fixture dates 2020/21Round 1Friday, December 11Northampton Saints vs Bordeaux-Begles, 5.30pmUlster vs Toulouse, 8pmSaturday, December 12 Bristol Bears vs Clermont Auvergne, 1pmRC Toulon vs Sale Sharks, 3.15pmBath Rugby vs Scarlets, 3.15pm Dragons vs Wasps, 5.30pm Montpellier vs Leinster, 5.30pm Edinburgh Rugby vs La Rochelle, 8pmSunday, December 13 Lyon vs Gloucester Rugby, 1pm Racing 92 vs Connacht Rugby, 3.15pm Exeter Chiefs vs Glasgow Warriors, 3.15pm Munster vs Harlequins, 5.30pmRound 2 Friday, December 18Scarlets vs RC Toulon, 5.30pm Wasps vs Montpellier, 8pm Saturday, December 19 Leinster vs Northampton Saints, 1pmGlasgow Warriors vs Lyon, 1pm La Rochelle vs Bath, 3.15pm Gloucester vs Ulster, 3.15pm Clermont Auvergne vs Munster, 5.30pm Sale Sharks vs Edinburgh, 8pmBordeaux Begles vs Dragons, 8pm Sunday, December 20Harlequins vs Racing 92, 1pmToulouse vs Exeter Chiefs, 3.15pmConnacht vs Bristol Bears, 5.30pm Round 3Friday, January 15 Northampton Saints vs Leinster, 5.30pm RC Toulon vs Scarlets, 8pmSaturday, January 16 Lyon vs Glasgow Warriors, 1pmUlster vs Gloucester, 3.15pm Exeter Chiefs vs Toulouse, 3.15pm Edinburgh vs Sale Sharks, 5pm Munster vs Clermont Auvergne, 5.30pm Montpellier vs Wasps, 5.30pm Sunday, January 17Bath Rugby vs La Rochelle, 1pm Raincg 92 vs Harlequins, 3.15pmDragons vs Bordeuax Begles, 3.15pm Bristol Bears vs Connacht, 5.30pm Round 4Friday, January 22 Leinster vs Montpellier, 5.30pm Sale Sharks vs RC Toulon, 8pm Saturday, January 23Bordeaux Begles vs Northampton Saints, 1pm Scarlets vs Bath, 1pm Clermont vs Bristol, 3.15pm La Rochelle vs Edinburgh, 3.15pm Harlequins vs Munster, 5.30pm Wasps vs Dragons, 8pm Connacht vs Racing 92, 8pm Sunday, January 23 Gloucester vs Lyon, 1pmToulouse vs Ulster, 3.15pm Glasgow Warriors vs Exeter, 5.30pm The Champions Cup format for 2020/21 has been altered for one season only, due to Covid-19 The Champions Cup format for 2020/21 has been altered for one season only, due to Covid-19

Echoes of Black Monday

first_img“I was not surprised there was some correction, given our expectation that earnings growth was going to fall short of expectations,” said Alan Gayle, senior investment strategist, director of asset allocation for Trusco Capital Management. “I think stock analysts were slow to incorporate the impact of the subprime crisis on third-quarter earnings,” he added. The Dow fell 366.94 points, or 2.64 percent, to 13,522.02. The Dow was down for the fifth straight session and for the week was off 4.05 percent. For the year, the blue chip index is up 8.5 percent. The Standard & Poor’s 500 index fell 39.45, or 2.56 percent, to 1,500.63. The Nasdaq composite index dropped 74.15, or 2.65 percent, to 2,725.16. The Russell 2000 index of smaller companies fell 26.24, or 3.18 percent, to 798.79. Friday’s pullback pales compared with what investors had to contend with 20 years ago. On Oct. 19, 1987 – Black Monday – the Dow plunged 23 percent amid concerns about interest rates and slowing economic growth. A decline of similar proportions given the market’s current levels would mean a drop of some 3,100 points. Friday’s decline – the third biggest point and percentage drop this year – was the 9th biggest point drop in the Dow since Black Monday. A drop Friday in the NYSE composite index proved steep enough to trigger trading curbs, which restricts certain kinds of sell orders and helps stabilize the market. These type of protections were put in place as part of the response to Black Monday. Bonds prices rose again Friday, extending a rally to an unusual five sessions. The yield on the benchmark 10-year Treasury note, which moves inversely to the price, fell to 4.4 percent from 4.5 percent late Thursday. The dollar was mixed against other major currencies, while gold prices fell. Illustrating investors’ unease, the Chicago Board Options Exchange’s volatility index, known as the VIX, and often referred to as the “fear index,” spiked Friday, jumping 24 percent. “Investors are starting to get concerned about both the pace of the U.S. economy and the pace of earnings growth,” said Art Hogan, chief market strategist at Jefferies & Co. Hogan noted that for much of the week, investors focused on results from banks, which saw profits drop on souring mortgage loans and tight credit markets. But seeing weakness Friday in industrial company earnings reports increased their nervousness. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREGame Center: Chargers at Kansas City Chiefs, Sunday, 10 a.m.The major stock market indexes turned in their worst week since July after Caterpillar Inc., one of the world’s largest construction equipment makers, soured investors’ moods Friday with a discouraging assessment of the U.S. economy. In a week dominated by mostly negative results from banks facing difficult credit markets and rising mortgage delinquencies, investors appeared surprised that an industrial name was feeling an economic pinch, too. Reports from Honeywell International Inc. and 3M Co., themselves big industrial names, gave investors little incentive to take chances on the market. In one bright spot, Google Inc. rose after reporting stronger-than-expected profits. Investor sentiment took another hit when Standard & Poor’s downgraded another batch of residential mortgage-backed securities, adding to investor unease about credit quality. The latest reduction follows a similar move earlier in the week and affects more than 1,400 classes. And oil prices appeared on some investors’ list of worries after briefly moving above the psychological barrier of $90 a barrel for the first time. INVESTING: Indexes drop sharply on 20th anniversary of a 1987 stock market crash. By Tim Paradis THE ASSOCIATED PRESS NEW YORK – The Dow Jones industrial average dropped more than 360 points Friday – the 20th anniversary of the Black Monday crash – as lackluster corporate earnings, renewed credit concerns and rising oil prices spooked investors. last_img read more