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FTSE 100 Falls as Bond Rout Hits Global Equities

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The exportheavy FTSE 100 fell 1 on Friday as a broader selloff in bonds spread to global equities, while British Airways owner IAG rose 2.6 even as it posted a loss of more than 5 billion.

The FTSE 100 fell 1.3, tracking sharp losses in Europe and Asia as surging bond yields sparked fears of higher interest rates despite assurances by the worlds major central banks. 

The exportheavy FTSE 100 fell 1 on Friday as a broader selloff in bonds spread to global equities, while British Airways owner IAG rose 2.6 even as it posted a loss of more than 5 billion.

The FTSE 100 fell 1.3, tracking sharp losses in Europe and Asia as surging bond yields sparked fears of higher interest rates despite assurances by the worlds major central banks. 

Rightmove, which runs Britains largest online real estate portal, fell 1.2 even as it expected robust market activity this year ahead of a potential extension of tax break.

Insurer RSA shed 0.1 despite posting a higher operating profit for 2020.

Reporting by Shivani Kumaresan in Bengaluru; editing by Uttaresh.V

Source Reuters

Euro Zone Bonds Find Some Respite after Dramatic Selloff

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