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Author Topic: Futsi closed down 120.36 points, bank-mining stocks stalled the market.  (Read 534 times)

Uju

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Futsi closed down 120.36 points, bank-mining stocks stalled the market.

London stocks closed lower overnight (July 8), their worst in nearly three weeks, pressured by falling financial and mining stocks. Investors also sold stocks to buy bonds amid growing fears. worried about economic recovery while COVID-19 continues to spread

The FTSE 100 index closed at 7,030.66, down 120.36, or -1.68%.

Worries about the economic recovery after the number of COVID-19 cases Still, the increase has prompted investors to sell stocks to buy bonds as a safe haven asset. which resulted in an increase in bond prices. and bond yields fell.

Banking stocks fell 2.1% on the back of lower bond yields. while precious metal stocks and housing construction fell 1.1% and 3.3%, respectively.



 

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