🔮 Better than the Oracle? Our Fair Value found this +42% bagger 5 months before Buffett bought itRead More

FTSE 100 slips amid simmering Middle East worries

Published 06/01/2020, 09:24
Updated 06/01/2020, 09:27
© Reuters.  FTSE 100 slips amid simmering Middle East worries
UK100
-
BP
-
EZJ
-
SHEL
-
MRW
-
SBRY
-
FTMC
-
ICAG
-

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

news window)

* FTSE 100 down 0.5%, FTSE 250 down 0.4%

* Middle East tensions simmer

* Airlines fall, oil stocks gain on surging crude prices

Jan 6 (Reuters) - London's main index began the first full

trading week of the new decade in the red, as escalating

tensions in the Middle East sapped demand for risky assets.

The FTSE 100 .FTSE dropped 0.5% in early deals after U.S.

President Donald Trump threatened sanctions on Iraq and

retaliation on Iran if they responded with force to a U.S. air

strike last week. The FTSE 250 .FTMC shed 0.4%. Shares of airlines fell as higher oil prices raised worries

of a hit to their margins, with British Airways owner IAG

ICAG.L and easyJet EZJ.L shedding about 2.5% each. However,

oil majors Shell RDSa.L and BP BP.L outperformed.

Morrisons MRW.L and Sainsbury's SBRY.L fell 3% and 1.5%,

respectively. A Times report said British supermarkets will

report https://www.thetimes.co.uk/edition/business/christmas-fails-to-light-up-supermarkets-vjsrhkjwt

"underwhelming" Christmas sales, while major competitor Aldi UK

ALDIEI.UL separately reported higher sales.

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.