A quick recap.
Britain’s FTSE 100 is on track for its worst day this year, b.1.1.1.529 as the emergence of version decline in markets around the world,
The blue-chip index of London’s biggest listed companies fell 190 points, or 2.6%, to 7121 this morning, hitting a six-week low.
Travel, hospitality, oil and financial stocks are among the big losers, on concerns that B.1.1529 could lead to widespread new pandemic restrictions and a slower economic recovery.
airline group IAG With Jet Engine Manufacturers and Servicers currently down 14% Rolls-Roycee 10% off. conference organizer Inform (-7.5%) and hotel groups white bread And intercontinental (both -6.3%) are also in the top FTSE 100 falls.
Along with cruise operators, other travel companies have also been affected. CARNIVAL Currently down 12.7%, Holiday Firm tui 10% more easyJet down 9.9%.
The sell-off came after Britain imposed travel restrictions on a group of southern African countries, as cases of the highly mutated coronavirus variant rose.
South Africa’s rand has hit a one-year low.
European markets also fall along with France CAC Germany down 3.6 percent dex down 2.9%.
With the Dow Jones Industrial Average 2% or more than 800 points in pre-market trading, New York will engage in a selloff in a few hours.
Ted Kempo
(@TedKempCNBC)Dow futures drop over 800 points on fears of getting a new Kovid version in South Africa @EustanceHuang @jaserpound https://t.co/aDZWjH3eUU
Oil at two-month low, Brent crude fell 6% to $77.35 a barrel on concerns that a global economic recovery could be hit. Industrial metal prices also weakened.
Wall Street’s fear index, the VIX, has risen, while cryptocurrencies also declined as investors lost riskier assets. Bitcoin is down almost 9% today, putting it in a bear market (more than 20% from recent highs).
CNBC
(@CNBC)Bitcoin Enters Bear Market Zone As Risk Assets Fall On New Covid Version https://t.co/XdpvCkKP7J
Joshua Raymond, Director at Financial Brokerage xtb, they say,
“The new covid version has created uncertainty in the markets today, with investor appetite running away from risk. As a result, we have seen European stocks start the day in sell mode with both the FTSE 100 and DAX30 down 3%.
The main concern right now is the ability to avoid these types of vaccines. This is a matter of immediate concern amongst investors at this point of time and as a result their first step has been portfolio protection.
If this variant proves to be more potent and threatens the success of the vaccine rollout, it’s hard to see a major threat to market stability right now. ,