FTSE 100 falls as bond rout hits global equities

imageStock Markets12 hours ago (Feb 26, 2021 08:30)

(Reuters) – The export-heavy FTSE 100 fell 1% on Friday as a broader sell-off in bonds spread to global equities, while British Airways owner IAG (LON:ICAG) rose 2.6% even as it posted a loss of more than $5 billion.

The FTSE 100 fell 1.3%, tracking sharp losses in Europe and Asia as surging bond yields sparked fears of higher interest rates despite assurances by the world’s major central banks. [MKTS/GLOB]

Still, the commodity-heavy index is on course for a monthly gain of more than 2%, as an improving global economic outlook lifted copper and oil prices in February.

The domestically focused mid-cap FTSE 250 index fell 1.4%, led by declines in industrials and consumer discretionary stocks.

Rightmove, which runs Britain’s largest online real estate portal, fell 1.2% even as it expected robust market activity this year ahead of a potential extension of tax break.

Insurer RSA shed 0.1% despite posting a higher operating profit for 2020.

FTSE 100 falls as bond rout hits global equities

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Please enter your comment!
Please enter your name here