NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

FTSE 100 drops as Middle East tensions dent risk appetite

Published 03/01/2020, 09:16
Updated 03/01/2020, 09:18
© Reuters.  FTSE 100 drops as Middle East tensions dent risk appetite
UK100
-
BP
-
NXT
-
MKS
-
SHEL
-
ASOS
-
FTMC
-

(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

* FTSE 100 down 0.4%, FTSE 250 down 0.3%

* U.S. kills Iranian major general, Iraqi militia commander

* Investors pile into oil

* Next ushers in bright start to Christmas trading updates

Jan 3 (Reuters) - London's main index fell on Friday as a

U.S. air strike in Iraq stoked geopolitical tensions and drove

investors away from risky assets, though oil stocks gained from

a surge in crude prices.

The FTSE 100 .FTSE , which began the decade with solid

gains, followed global peers into the red and was 0.4% lower

after the air strike that killed top Iranian and Iraqi

commanders. The FTSE 250 .FTMC shed 0.3% by 0803 GMT.

However, Shell RDSa.L and BP BP.L advanced as oil prices

shot up more than 3% on fears of a supply disruption.

Next NXT.L , the first major UK-listed retailer to update

on performance over Christmas, added 1% after

better-than-expected sales through the Christmas trading period

helped it nudge its annual profit forecast higher. Peers Marks & Spencer MKS.L and ASOS ASOS.L also rose 1%

each.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.