European markets dropped on Thursday in London, pulling back after anxiety shook Wall Street about the potential tapering of bond purchases and fresh warnings about the Delta variant.
The FTSE (^FTSE) was down 1.5% by the closing bell – having earlier registered a combined loss of £50bn in value, according to Hargreaves Lansdown. Germany’s DAX (^GDAXI) was down 1.2% and the CAC (^FCHI) was almost 2.3% lower.
Over the last week, economic data from the US, Europe and China has all suggested that the rate at which major economies have been recovering in recent months is slowing.
Alongside this, research was released on Wednesday that suggested that people who become infected with the Delta variant of COVID even after being fully vaccinated may still pass the virus on.
The research showed levels of the virus could be just as high in people who get…