Markets fall as prospect of winter lockdowns in Europe trigger sell-offs

Stock markets around the world have lurched downwards, as mounting gloom at the prospect of winter Covid-19 lockdowns across Europe triggered an “avalanche” of selling.

With infections rising and intensive care units filling up, major economies such as Germany and France are headed towards tougher coronavirus restrictions that also likely to halt the region’s fragile economic recovery.

The FTSE 100 fell on Wednesday by more than 2.5% to a six-month low of 5582.82, with shares in 98 of the UK’s top 100 blue-chip companies ending the day lower in a sell-off spurred by the prospect of renewed turmoil.


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