The FTSE on Tuesday saw a drop of 2.2% to close at 5664. This came after the International monetary fund(IMF) reported that the world economy would shrink by three percent this year. The IMF also said that a recession is most probable and might be the biggest recession since the Great Depression.
However, the FTSE 100 seems to have been the only index going down and this could be because the Britain government seems determined to keep coronavirus lockdown measures in place.
The reason why the FTSE 100 moved in contrast to it's Wall street counterparts could be because the USA traders are looking forward to the economy being opened soon!