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

Rugby-Fullback, hooker spots up for grabs for France tests: Wallabies coach

Wallabies coach Dave Rennie said a player can make a statement in the fullback position in the weeks leading up to their July tests against France and tipped winger Jordan Petaia as a potential candidate for the number 15 jersey. Utility ba...

Dislodged cargo ship fit for onward passage in Suez Canal - BSM

The technical manager of the container ship that became jammed across the Suez Canal last month said on Wednesday that the vessel was fit for onward passage but remained anchored pending an agreement could between the owner and the canal au...

Merck Foundation and African First Ladies Mark ‘World Health Day’ 2021 by Providing Scholarships for Doctors in New Specialities in Africa and Asia

Mumbai, Maharashtra, India Windhoek, Namibia Business Wire India Merck Foundation, year to date, in partnership with African First Ladies and Ministers of Health, have provided for more than 1100 doctors from 42 Countries with 1 2 yearsp...

Cancellation of board exams a great relief for students, parents: Delhi CM Arvind Kejriwal.

Cancellation of board exams a great relief for students, parents Delhi CM Arvind Kejriwal....

Give Feedback