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London open: Stocks slump amid bond market selloff Fri, 26th Feb 2021 08:21 (Sharecast News) - London stocks slid in early trade on Friday as the selloff in bond markets spooked investors. At 0830 GMT, the FTSE 100 was down 0.9% at 6,594.03. Richard Hunter, head of markets at Interactive Investor, said: The tantrum in the bond market has inevitably spilled over into equities as the spectre of inflation increases. Despite the soothing noises of the Federal Reserve, the repricing of inflation expectations is of concern. With excessive liquidity in the system and with the likelihood of a major release of pent-up demand as pandemic restrictions ease, inflation could soon spiral. In turn, this would put pressure on central banks to raise interest rates to quell the rise, affecting corporate lending and, importantly, the US mortgage market.

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