FTSE 100 turns lower as the UK intensifies restrictions

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FTSE 100 index is trading around 3% lower this week after the UK government intensified lockdown restrictions in the country as the number of coronavirus cases increases. Fundamental analysis: Number of infections rise The number of daily cases hit a four-month high of 4,422 on Saturday and data suggest that hospital admissions might hit the mid-March figures by the end of September. In order to prevent the second wave, Prime Minister Boris Johnson is looking to replace the “rule of six” with stricter daily life measures.  Johnson said he may have to “intensify” restrictions that would serve as a temporary

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