---
title: "FTSE 100 rebounds after recession fears wipe £40bn off the index"
publisher: "Share Talk"
author: "sharetalk"
published: "2024-08-06T08:14:25+00:00"
modified: "2024-08-06T08:14:25+00:00"
date: 2024-08-06
canonical: "https://www.share-talk.com/ftse-100-rebounds-after-recession-fears-wipe-40bn-off-the-index/"
category: "B2B"
categories: ["B2B", "Blogs", "Business & Support Services", "Technology", "Technology, Media & Telecoms"]
tags: ["Bank of England", "banking", "BARC", "Barclays", "Benchmark", "BoE", "buyback", "Chancellor", "childcare", "CME Group", "consumers", "Coverage", "CS Venkatakrishnan", "domestic", "energy bill", "England", "FCA", "Fed", "Federal Deposit Insurance Corporation", "Federal Reserve", "FREE", "FTSE 100", "FTSE 250", "FTSE100", "futures", "Goldman Sachs", "household", "HSBC", "HSBC Holdings", "Inflation", "investors", "Jeremy Hunt", "Legal & General", "lending", "Lloyds Banking Group", "London", "midcap index", "NatWest Group", "Ofgem", "pandemic", "price cap", "Prime Minister", "program", "Prudential", "Qatar", "Regulators", "Rishi Sunak", "SEC", "Serious Fraud Office", "share", "Share Talk", "ShareHolders", "silicon valley", "Silicon Valley Bank", "SIVB", "SVB", "The Bank of England", "Traders", "Treasury", "UK", "Underground", "USA", "Wall Street"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/12/FTSE-100-11_12_23.jpg?fit=1200%2C800&ssl=1"
format: "news"
language: "en-GB"
---

# FTSE 100 rebounds after recession fears wipe £40bn off the index

**Published:** August 6, 2024
**Author:** sharetalk
**Categories:** B2B, Blogs, Business & Support Services, Technology, Technology, Media & Telecoms
**Tags:** Bank of England, banking, BARC, Barclays, Benchmark, BoE, buyback, Chancellor, childcare, CME Group, consumers, Coverage, CS Venkatakrishnan, domestic, energy bill, England, FCA, Fed, Federal Deposit Insurance Corporation, Federal Reserve, FREE, FTSE 100, FTSE 250, FTSE100, futures, Goldman Sachs, household, HSBC, HSBC Holdings, Inflation, investors, Jeremy Hunt, Legal & General, lending, Lloyds Banking Group, London, midcap index, NatWest Group, Ofgem, pandemic, price cap, Prime Minister, program, Prudential, Qatar, Regulators, Rishi Sunak, SEC, Serious Fraud Office, share, Share Talk, ShareHolders, silicon valley, Silicon Valley Bank, SIVB, SVB, The Bank of England, Traders, Treasury, UK, Underground, USA, Wall Street
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/12/FTSE-100-11_12_23.jpg?fit=1200%2C800&ssl=1)

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The FTSE 100 joined the broader market rebound a day after recession fears in the United States triggered a brutal sell-off.

The blue-chip index rose by 0.3%, recovering slightly after experiencing its worst fall in over a year on Monday, which wiped more than £40bn off its value.

The mid-cap FTSE 250 index gained 0.6% after hitting its lowest level in more than three months during the previous session.

Weaker US data last week stoked recession fears in the world’s largest economy, prompting investors to seek safe-haven assets amid a global market sell-off. However, losses began to be reversed after Monday’s data showed a rebound in US services sector activity from four-year lows in July, along with reassuring comments from Fed policymakers.

In London, InterContinental Hotels Group surged up to 4.2% after the Holiday Inn owner reported a 3.2% rise in revenue per available room (RevPAR) in the second quarter.

Keller Group climbed as much as 13.8%, leading the FTSE 250, after the engineering contractor reported its half-yearly results.

Heavy-weight banks increased by 1.7% after a check from the Bank of England indicated that Britain’s top eight lenders could be wound down in a crisis without the immediate need for taxpayer funds.

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