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Storm Engulfs Financial Markets Over Fears Of New Virulent Covid Strain

Published by
ValueWalk

Q3 2021 hedge fund letters, conferences and more Fears Of New Virulent Covid Strain”Fear has gripped the financial markets with the travel industry flying into another violent storm, after the discovery of a new Covid strain which could be far more contagious and may render vaccines less effective. London’s FTSE 100 reversed the slight gains of the week plunging 3.2% in early trade, while the FTSE 250 opened down 2.7%. Oil has also fallen back with a barrel of the benchmark Brent Crude 2.7% lower at just over $80 a barrel over worries of lower global demand and that’s hit energy stocks with BP…

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