CITY Pound 171136 London equity markets dropped into the red despite receiving a lift late in the afternoon from the Prime Minister’s “road map” out of lockdown restrictions. Hospitality and leisure stocks were broadly buoyed by an update which will see non-essential retailers and outdoor hospitality reopening from April. Markets across Europe had been firmly in the red following a dour morning but ticked higher as the recover plan was laid out. The FTSE 100 closed 11.78 points, or 0.18%, lower at 6,612.24 at the close of play on Monday. Michael Hewson, chief market analyst at CMC Markets, said: “European markets have got the week off to a disappointing start as increasing concern about rising bond yields, and what they are telling us about the economic outlook is spurring some profit taking, particularly in US markets which are on course for their fifth successive daily decline.
FTSE closes lower despite rebound after PM s road map
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FTSE closes lower despite rebound after PM s road map
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