FTSE 100 suffers worst year since 2008 – but Wall Street rebounds

FTSE 100 suffers worst year since 2008 – but Wall Street rebounds

The FTSE 100 has clocked up its worst year since the 2008 financial crisis - underperforming against global rivals that have bounced back following a coronavirus sell-off earlier in the year.London's leading share index closed at 6460.5 in a shortened closing session on New Year's Eve, 14.3% down over the course of 2020.

It marked something of a recovery after the FTSE's calamitous sell-off during the spring saw it fall below the 5,000-mark but the annual decline was still the biggest slump since a 31% plunge 12 years ago.

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Markets across the globe plunged earlier this year



At the same time New York's S&P 500 has been trading at or around all-time highs this week while Germany's Dax, up 3.5% for the year, was just shy of record levels.Stock markets globally went into a steep