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FTSE 100 falls as bond rout hits global equities

Published 26/02/2021, 09:18
Updated 26/02/2021, 09:24
© Reuters.

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
* FTSE 100 down 1.3%, FTSE 250 off 1.4%

Feb 26 (Reuters) - The export-heavy FTSE 100 fell 1% on
Friday as a broader sell-off in bonds spread to global equities,
while British Airways owner IAG ICAG.L rose 2.6% even as it
posted a loss of more than $5 billion.
The FTSE 100 .FTSE fell 1.3%, tracking sharp 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
Still, the commodity-heavy index is on course for a monthly
gain of more than 2%, as an improving global economic outlook
lifted copper and oil prices in February.
The domestically focused mid-cap FTSE 250 index .FTMC fell
1.4%, led by declines in industrials and consumer discretionary
stocks.
Rightmove RMV.L , which runs Britain's largest online real
estate portal, fell 1.2% even as it expected robust market
activity this year ahead of a potential extension of tax break.
Insurer RSA RSA.L shed 0.1% despite posting a higher
operating profit for 2020.

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