Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Indexes
  3. United Kingdom
  4. Great Britain
  5. FTSE 100
  6. News
  7. Summary
    UKX   GB0001383545

FTSE 100

(UKX)
SummaryQuotesChartsNewsHeatmapComponents 
SummaryMost relevantAll NewsOther languagesNews of the index componentsMarketScreener Strategies

FTSE 100 slips as bond rout hits global equities

02/26/2021 | 12:14pm EDT
Pedestrians leave and enter the London Stock Exchange in London

(Reuters) - The export-heavy FTSE 100 fell on Friday as a broader sell-off in bonds spread to global equities, while British Airways owner IAG rose 4.2% even as it posted a loss of more than $5 billion.

The FTSE 100 slipped 0.2%, tracking losses in Europe and Asia as surging bond yields sparked fears of higher interest rates despite assurances by the world's major central banks. [MKTS/GLOB]

Oil producers BP and Royal Dutch Shell and mining stocks, including Rio Tinto, Anglo American, and BHP, were the biggest drags on the index, tracking a fall in oil and metal prices. [O/R] [MET/L]

"We just have to accept that yields are going to drift higher with the vaccine rollout, and the sort of recovery that is taking place seems to drive a massive runoff in stocks, particularly the big tech names in the U.S.," said Neil Wilson, chief market analyst at Markets.com.

"There's going to be some upside still for the FTSE as the global economy recovers and it doesn't have a lot of growth names like Apples and Amazons. It is full of companies exposed to global cyclical growth and that should stand in good stead."

The FTSE 100 has risen more than 3% in February, helped by mining, energy and banking stocks on expectations of a vaccine-led economic recovery, but increasing concerns about inflation have sparked a pullback this week.

British finance minister Rishi Sunak, who is trying to steer the economy through a third coronavirus lockdown before an expected recovery later this year, looks set to rely heavily on the debt markets again when he announces a budget plan on March 3.

The domestically focused mid-cap FTSE 250 index fell 0.5%, led by declines in industrials and consumer discretionary stocks.

Rightmove, which runs Britain's largest online real estate portal, shed 1.5% even as it expected robust market activity this year ahead of a potential extension of a tax break.

(Reporting by Shivani Kumaresan in Bengaluru; editing by Uttaresh.V)

By Shivani Kumaresan


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ANGLO AMERICAN PLC 1.59% 3199.5 Delayed Quote.31.97%
FTSE 100 0.52% 7019.53 Delayed Quote.8.65%
FTSE MID 250 INDEX 0.22% 22522.18 Delayed Quote.9.93%
LONDON BRENT OIL -0.18% 66.7 Delayed Quote.29.19%
ROYAL DUTCH SHELL PLC -1.15% 16.444 Real-time Quote.12.52%
WTI -0.41% 63.072 Delayed Quote.31.44%
All news about FTSE 100
04/16World stocks at new peaks on strong China, U.S. data
RE
04/16World stocks scale fresh peaks on strong China, U.S. data
RE
04/16European Stocks Close Higher as China GDP Data Helps Lift Sentiment
MT
04/16FTSE : 100 ends second week higher on higher commodity prices, rebound bets
RE
04/16EUROPE : European stocks notch new highs as Daimler earnings lift carmakers
RE
04/16Wall Street Wavers Pre-Bell, Consolidating After Data Boost
MT
04/16European Bourses Eying Fresh Records in Midday Trading
MT
04/16Wall Street Trades Steady in US Pre-Bell Session With Futures Muted; Europe a..
MT
04/16Wall Street Steady Pre-Bell; Futures Muted, Europe Up, Asia Higher
MT
04/16European Fixed Income Update
MT
More news
News of the index components FTSE 100
04/17ASTRAZENECA  : Canada has second case of rare blood clots after AstraZeneca vacc..
RE
04/17ASTRAZENECA  : Canada has second case of rare blood clots after AstraZeneca COVI..
RE
04/17ASTRAZENECA  : Alberta confirms country's second blood clot after AstraZeneca va..
AQ
04/17ASTRAZENECA  : Covid-19 Vaccine - No Diagnosed Case of Blood Clots, No Death Rec..
AQ
04/17ASTRAZENECA  : Covid-19 - Nigeria Crosses 1 Million Vaccination Threshold
AQ
04/17Expat Americans Fly Home for Covid-19 Vaccination Shots
DJ
04/16ASTRAZENECA  : Quebec to deploy sound trucks in Montreal to announce mobile vacc..
AQ
More news
Chart FTSE 100
Duration : Period :
FTSE 100 Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FTSE 100
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Top / Flop FTSE 100
EVRAZ PLC 636.4 Delayed Quote.3.65%
BT GROUP PLC 154.85 Delayed Quote.2.86%
NEXT PLC 8204 Delayed Quote.2.81%
BRITISH AMERICAN TOBACCO PLC 2901 Delayed Quote.2.80%
BARCLAYS PLC 189.18 Delayed Quote.2.46%
BARRATT DEVELOPMENTS PLC 784 Delayed Quote.-1.36%
INTERMEDIATE CAPITAL GROUP PLC 2017 Delayed Quote.-1.61%
HIKMA PHARMACEUTICALS PLC 2367 Delayed Quote.-1.70%
ROLLS-ROYCE HOLDINGS PLC 104.56 Delayed Quote.-2.28%
LONDON STOCK EXCHANGE PLC 7700 Delayed Quote.-2.53%
Heatmap :