Global markets rally as hopes for sustainable economic recovery rise


FTSE gains more than 100 points after concerns over bond sell-off ease

Global stock markets rallied on Monday amid rising hopes for a sustainable economic recovery from Covid-19 and as investors’ concern over a sell-off in government bonds fizzled out.

The FTSE 100 gained by more than 100 points to finish the day 1.6% higher at 6,558, as markets in the US and Europe recorded strong gains after a bout of sustained selling pressure last week had left investors nursing heavy losses.

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