Global markets rally as hopes for sustainable economic recovery rise
by Richard Partington Economics correspondent from on (#5ET38)
FTSE gains more than 100 points after concerns over bond sell-off ease
Global stock markets rallied on Monday amid rising hopes for a sustainable economic recovery from Covid-19 and as investors' concern over a sell-off of government bonds fizzled out.
The FTSE 100 gained more than 100 points to finish the day 1.6% higher at 6,558, as markets in the US and Europe recorded strong advances after a bout of sustained selling pressure last week had left investors nursing heavy losses.
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