FTSE 100 closes at eight and a half year low as lockdown spurs more selling
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(Reuters) - Britain's FTSE 100 fell to its weakest close since October 2011 on Monday, as economists predicted a contraction of the global economy and a raft of UK firms warned of earnings hits amid the spread of the coronavirus. The blue-chip index fell 3.8%, sinking back into the red after a two-day bounce that had been driven by extraordinary stimulus unveiled by governments and central banks last week.The index erased all of its losses at one point on Monday after the U.S. Federal Reserve..