THE GUARDIAN: Sharp falls in Europe and US as investors worry about further economic shutdowns
Shares in London have had their worst losses in more than three months amid fears that a second wave of coronavirus cases will force the government into harsh lockdown measures that will damage the economy.
The FTSE 100 – the leading benchmark of the UK stock market – closed more than 200 points down at 5,804 points on a day of sharp falls in equities in both Europe and North America.
More than £50bn was wiped off the value of leading UK-quoted companies as hopes of new treatments for Covid-19 were outweighed by concerns about a double-dip recession.
Larry Kudlow, Donald Trump’s economic adviser, expressed the views of many jittery investors when he said there was a worry that the UK and other parts of Europe may shut down again because of the virus. » | Larry Elliot, Economics editor | Monday, September 21, 2020
