FTSE 100 drops to October levels as fears rise over Covid fallout
Article summary
FTSE 100 drops to October levels as fears rise over Covid fallout Increased lockdown measures in Germany, France and China dent prospects for rapid recovery in 2021 Cyclists pass through an almost-deserted Bank junction in the City of London. Photograph: Luciana Guerra/PA Cyclists pass through an almost-deserted Bank junction in the City of London. […] After a strong start to the year, gaining by about 6% since the start of January, the performance was the worst weekly decline for the FTSE 100 since the last week of October as England headed for a second national lockdown. It also comes as concerns mount over increased lockdown measures in Germany, France and China, with rising coronavirus infections denting the prospects for a rapid economic recovery at the start of 2021. […] Markets across Europe also ended the week lower, with Germany’s Dax losing 2% and France’s Cac down 1.9%.
