The FTSE 100 plumbed depths not seen in months as it fell through the 5,700 mark. Investors are waking up to the risks associated with a second wave in the coronavirus pandemic, says AJ Bell investment director Russ Mould.
“News that France is considering a full-scale national lockdown amid surging cases is unsurprisingly spooking the markets with Germany among other European countries also looking at tighter measures. And with the number of infections and hospitalisations mounting in the UK, pressure will likely mount on the Government to follow suit.
“Companies which just about scraped through in the spring may not survive another period without any business despite the generous state support which has been announced.