Monday, 08 Feb 2021 07:19 PM MYTLONDON, Feb 8 — London’s FTSE 100 snapped a three-day losing streak today as mining and energy stocks tracked strong gains in commodity prices, while Arrow Global surged after private equity firm TDR Capital raised its buyout offer for the asset manager.
The FTSE 100 has recovered nearly 33 per cent from its March 2020 lows, led by a raft of stimulus, but a surge in infections and widespread lockdowns recently have slowed economic growth. The index has also lagged its US and European peers, which are up 77 per cent and 52 per cent, respectively.
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