Article 5CFT3 FTSE 100 surges as City guru warns of stock market bubble risk

FTSE 100 surges as City guru warns of stock market bubble risk

by
Larry Elliott Economics editor
from Economics | The Guardian on (#5CFT3)

Index climbs close to pre-Covid level despite concerns over hysterical' investor behaviour

Shares in London have closed at their highest level since late February as investors ignored record Covid-19 deaths and warnings from a veteran City guru that an epic bubble of Wall Street crash proportions was bound to burst.

Stock markets around the world rose as optimism that mass vaccinations would ensure a rapid global economic recovery was strengthened by signs that the Democrats had won both vacant Senate seats in Georgia.

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