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FTSE 100 falls as bond rout hits global equities
Published at 26/02/2021 at 08:18

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

* FTSE 100 down 1.3%, FTSE 250 off 1.4%

Feb 26 (Reuters) - The export-heavy FTSE 100 fell 1% on Friday as a broader sell-off 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 world's major central banks.

Still, the commodity-heavy index is on course for a monthly gain of more than 2%, as an improving global economic outlook lifted copper and oil prices in February.

The domestically focused mid-cap FTSE 250 index fell 1.4%, led by declines in industrials and consumer discretionary stocks.

Rightmove , which runs Britain's 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)

((Shivani.Kumaresan@thomsonreuters.com; +1 646 223 8780;))

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