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Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: Musk ‘still committed’ to Twitter deal, stocks and bitcoin rally

Stock markets and cryptocurrencies have rallied at the end of another volatile week of trading.

Global recession fears triggered heavy selling yesterday as the FTSE 100 index closed 1.6% lower on the back of weaker mining stocks.

A late recovery on Wall Street helped the mood today, but S&P 500 remains close to bear market territory after falling 18% since January. Bitcoin, which yesterday fell below $26,000 in a flight from risk, recovered today.

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