Today stocks19 Mar 2021 23:36
“Alliance News) - Stock prices in London ended in the red on Friday, as sentiment, already tetchy after US treasury yields hit 14-month highs late Thursday, was soured further by rising Covid-19 cases in Europe.
In addition, traders were wary after the US Federal Reserve said it would not extend the supplementary leverage ratio. The SLR allowed banks to hold less capital reserves, allowing them to inject the extra free cash back into the economy.
"Traders reacted by selling stocks as they took the view that if banks are more restricted in terms of capital requirements, that is likely to hold back the recovery somewhat," CMC Markets analyst David Madden noted.”