London market left in shade as rivals zoom on – The Times
The recovery of London’s stock market from the coronavirus sell-off is the weakest among its peers, with New York, Frankfurt and Tokyo surging ahead, figures show.
One analyst described London as “the most unloved equity market” because of its sluggish performance this quarter compared with other leading financial centres.
Stock markets tumbled at the end of March as the coronavirus spread across the world and most big economies went into lockdown. Markets have rallied since then but the recovery has not been evenly spread.
With two days of trading to go, the FTSE 100 has risen by 8.6 per cent for the quarter, compared with a 21.7 per cent jump for Germany’s Dax 30, a 19 per cent climb for Japan’s Nikkei 225 and a