FTSE 100 falls as high yields, inflation worries return to fore

Meanwhile, Bank of England policymaker Silvana Tenreyro said there was no good evidence that cutting interest rates below zero would, past a certain point, weaken Britain's economy rather than boost it. The domestically focused mid-cap FTSE 250 index fell 0.5%.

Reuters | London | Updated: 04-03-2021 14:26 IST | Created: 04-03-2021 13:59 IST
FTSE 100 falls as high yields, inflation worries return to fore
Representative image Image Credit: Flickr

London's FTSE 100 fell on Thursday, dragged by miners and bank stocks on concerns about rising bond yields and volatility in U.S. markets, while engineering company Meggitt fell after its annual profit halved due to the COVID-19 pandemic. The blue-chip FTSE 100 index slid 0.5%, with mining stocks, including Rio Tinto, Anglo American, and BHP, leading the declines.

Resurgent worries about rising U.S. bond yields hit global shares as investors waited to see if Federal Reserve Chair Jerome Powell will address concerns about the risk of a rapid rise in long-term borrowing costs. Meanwhile, Bank of England policymaker Silvana Tenreyro said there was no good evidence that cutting interest rates below zero would, past a certain point, weaken Britain's economy rather than boost it.

The domestically focused mid-cap FTSE 250 index fell 0.5%. Ladbrokes owner Entain fell 2.0% after it held back declaring a dividend despite reporting a jump in 2020 earnings. It also said it was expecting online volumes to ease when shops re-open after surging during lockdowns.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


TRENDING

OPINION / BLOG / INTERVIEW

Viral variants and vaccine nationalism pose two-pronged threat to Covid victory

... ...

Tracking Fintech during COVID-19: Harnessing power of technology

Its abundantly clear now that as fintech cements its place in the financial sector, accelerated further by the COVID-19 pandemic, it could open the sector to new possibilities by harnessing the power of technology to deliver financial ...

Tectonic turns: How technology shaped healthcare over the decades

Tracing an episodic evolution, with technology at the interface of human and his health....

World Water Day sees crises of inequality in countries both rich and poor

... ...

Videos

Latest News

Vera Gedroits: Google Doodle to tribute Russian surgeon & professor on her 151st birthday

Happy Birthday, Vera GedroitsToday Google dedicates a beautiful doodle to celebrate Russian surgeon, professor, poet, and author Dr. Vera Gedroits on her 151st birthday. Dr. Gedroits is credited as the countrys first female military surgeon...

Australia-New Zealand travel bubble brings relief, elation

Elation marked the opening on Monday of a long-anticipated travel bubble between Australia and New Zealand.The start of quarantine-free travel was a relief for families who have been separated by the coronavirus pandemic as well as to strug...

Families reunite as Australia-New Zealand 'travel bubble' begins

Hundreds of passengers from Australia began arriving in New Zealand airports on Monday after authorities reopened borders, a pandemic milestone that allows quarantine-free travel between the countries for the first time in over a year. Thou...

Rugby-New Zealand's Highlanders launch probe after fans injured in stadium fall

The Otago Highlanders have launched an inquiry after multiple fans were injured in a fall at their home stadium in Dunedin on Friday during the Super Rugby Aotearoa match against the Auckland Blues. Video posted online showed several fans a...

Give Feedback