PM’S covid statement dents Ftse
Boris John son' s latest announcement on regional restrictions, poor performing commodity stocks and a bounce in the pound ensured the FTSE 100 closed in the red on Monday.
The Prime Minister announced a three-tier system of local alert levels, with pubs and bars closing across Merseyside on Wednesday after the Liverpool city region was named in the most serious category.
Pub, bar, gym and casino owners were largely lower after the PM confirmed their sites would be shut in areas placed into the most serious category.
London's top flight closed 15.27 points lower at 6,001.38 at the end of trading on Monday.
Sentiment was much more positive across the other major global markets, which all closed higher amid hopes that there will be agreement on US stimulus plans.
Connor Campbell, financial analyst at Spreadex, said: "Hopes that Covid-19 stimulus should arrive in the next few months, be it via an agreement between Republicans and Democrats, or a blue wave come November, lifted Wall Street at the start of Monday's trading.
"With the pound up against the dollar and the euro, at the start of the week with an ostensible Brexit 'deadline' on Thursday, the FTSE could not join in, instead falling.
"The index was also harmed by an unravelling set of commodity stocks, and the pressure felt by Boris Johnson's latest Covid-19 announcement, announcing new tiered lockdown system, and which regions would be hit by what restrictions."