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

IPL 2021: Enjoy playing with Maxwell, we both want to have an impact, says de Villiers

Royal Challengers Bangalore RCB batsman AB de Villiers has said that he enjoys playing with Glenn Maxwell as both of them are similar kind of players who always want to leave an impact in the game. Glenn Maxwell and AB de Villiers knocks of...

On this day in 2006: Gillespie registered highest score by night-watchman

It was on this day, 15 years ago, when former Australia pacer Jason Gillespie registered the highest score by a night-watchman in international cricket. The Australian managed to play an unbeaten knock of 201 against Bangladesh in Chattogra...

COVID-19: Maha declares 6 states as places of sensitive origin

Struggling to contain the huge COVID-19 surge, Maharashtra has declared six states, including Delhi and the NCR region, as places of sensitive origin in a bid to stop the influx of other variants of coronavirus into the state.Maharashtra Ch...

Soccer-'Soulless', 'absolute disgrace': ex-players slam Super League

Former Liverpool midfielder Danny Murphy said plans for a breakaway Super League launched by 12 of Europes top clubs were soulless and expected a backlash from managers and players. The move, which sets up a rival to the Champions League co...

Give Feedback