Global markets fall amid pessimism over soaring Covid-19 cases
by Phillip Inman from on (#5MBTR)
European markets drop, with 44bn wiped off the value of UK's FTSE 100
- Nils Pratley: escaping restricted economy could be messy
- Coronavirus - latest updates
- See all our coronavirus coverage
Stock markets have fallen across the world amid deepening pessimism over a rise in Covid-19 infections, with 44bn wiped off the value of the FTSE 100 index of the UK's leading companies on what some have called freedom day" from pandemic restrictions in England.
The prospect of slowing global growth resulted in most stock markets across Europe experiencing significant falls, after a slide in Asia overnight that came when Indonesia reported an increase in cases and some athletes tested positive at Tokyo's Olympic village, with the Games due to open on Friday.
Continue reading...