Global markets slide on fears of further foreclosure | Business


The FTSE 100 suffered its worst day in more than three months as the odds of a second national lockdown narrowed and the coronavirus outbreaks in Europe sent global markets shivering.

The UK major stocks index fell 3.4%, or 202.76 points, to 5,804.29, its biggest daily decline since June 11 and its lowest close since September 4. The index is down 22.2% since the sale of coronaviruses began on February 20.

Boris Johnson’s chief medical and scientific advisers warned yesterday that the country faces a “very difficult winter” and that without further restrictions, new cases could hit 50,000 cases a day by mid-October. There were 4,368 new cases reported yesterday, up from 3,899 on Sunday.

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