Fears of strict new lockdown rules hit UK stocks on Friday, fuelling a sell-off in travel, leisure, banking and housebuilding.
Global equity markets slid on Friday as investors sought direction after this week's U.S. Federal Reserve meeting and a jump in coronavirus cases in Europe rattled sentiment, while gold rose and safe-haven buying lifted the Japanese yen. The dollar posted its fifth straight day of declines against the yen as Japan's monetary policy of yield curve control pushes up real interest rates. The big tech names that have fueled the U.S. rally from a pandemic-induced slump in March - Apple Inc <AAPL.O>, Microsoft Corp <MSFT.O>, Amazon.com Inc <AMZN.O> and Alphabet Inc <GOOGL.O> - led equities lower.
US futures were sharply lower and major European indexes fell over 1% as investors reacted to the latest policy statement from the US Federal Reserve.