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Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: Shares slide amid interest rate fears; Eurozone in shallow recession

Interest rate worries continue to hold back stock markets as traders respond to the latest hike in borrowing costs by a major central bank.

Canada’s surprise move to a rate of 4.75% fuelled another rise in global bond yields, with gilts back near mini-Budget levels on fears of three or even four more interest rate hikes in the UK.

On the corporate front, Crest Nicholson, FirstGroup and Wizz Air are among those in the results spotlight.

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