European stock markets were cautious today as UK Prime Minister Boris Johnson prepares to deliver his roadmap out of the third national lockdown.
The FTSE 100 dropped 0.56% after opening, while the CAC tumbled 0.74% and the DAX was 0.93% lower.
The PM is expected to reopen schools across the country from 8 March and gradually relax rules on socialising in a public space.
The government has said it hopes to vaccinate all adults over the age of 50 by 15 April. U.K. Prime Minister Boris Johnson will set out a roadmap to ease England's third national lockdown today, having met a target to vaccinate 15 million Britons from higher-risk categories by mid-February.
The U.K. has been the bright spot in Europe in terms of the speed of its vaccination rollout, and concerns exist that continental Europe will still be locked down for some time to come.
Worries about inflation have led to rapidly rising bond yields in recent weeks, and this has concerned some equity investors as they could diminish the relative appeal of stocks.
05 Mar 2021 06:06 PM
Key factors to keep in mind before the US markets open
05 Mar 2021 05:08 PM
India's foreign exchange reserves rose to $584.55 billion as of Feb 26, compared with $583.87 billion a week earlier, the Reserve Bank of India.
05 Mar 2021 04:36 PM
Have a look at how Indian rupee ended the day
05 Mar 2021 03:51 PM
Indian equities fell for a second straight session today and snapped their three-day gaining streak as investors remained spooked by a sharp rise in US yields. Sensex managed to hold 50,000 and closed below 441 points, but Nifty gave up 15,000.
05 Mar 2021 03:00 PM
Pound fell and traded around 1.3830 as Dollar extended gains following Powell’s dovish comments leading to an upward rally in US yields.
05 Mar 2021 02:56 PM
Find out how European markets are reacting today