UK shares fall as rising bond yields weigh

📆 3/5/2021 6:50 AM
📰 Reuters

⏱ Reading Time:
23 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

British shares fell on Friday as rising bond yields globally sparked fears of higher inflation, while another slowdown in domestic house price growth also weighed on the market.

FILE PHOTO: A broker looks at financial information on computer screens on the IG Index trading floor in London, Britain February 6, 2018. REUTERS/Simon Dawson/File Photo

A weaker overnight finish on Wall Street after Federal Reserve Chair Jerome Powell’s remarks failed to rein in concerns over rising U.S. Treasury yields spilled over to Asian equities earlier in the day. [MKTS/GLOB] The FTSE 100 has risen 2.9% so far this year on optimism about a speedy economic recovery, aided by faster vaccine rollouts, but fears that rising inflation would lead to higher interest rates have undermined investor sentiment.

Write Comment

too early to say anything

DoriaGenocida

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.