FTSE 100 plunges as global markets gripped by new pandemic panic

ftse 100 plunges as global markets gripped by new pandemic panic

Sumary of FTSE 100 plunges as global markets gripped by new pandemic panic:

  • Deliveroo shares rose 3% and grocery delivery firm Ocado added 2% as one of only two risers in the FTSE 100.The slump ends an already jittery week for investors amid fears that additional lockdown restrictions may be needed in Europe to deal with fresh outbreaks of existing strains of coronavirus this winter.
  • ”The bombshell comes at the worst possible time for airlines, hotels and leisure companies, whose fortunes were just starting to look brighter following the reopening of key travel routes, including to the United States.
  • Mining giants including Anglo American fell 5% as copper and other key metals declined in value.

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