Stocks slump as investors take heed of Russia-Ukraine tensions

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Stocks slump as investors take heed of Russia-Ukraine tensions via IrishTimesBiz

KingspanThe FTSE 100 declined 0.9 per cent, extending losses from Wednesday’s session, following reports of Ukrainian forces and pro-Moscow rebels trading fire, while weakness in financials and energy stocks further dented sentiment.fell 1.4 per cent and 2.7 per cent respectively, tracking crude prices as talks to resurrect a nuclear deal withBanking stocks slipped 1.

7 per cent higher after the lender raised its core profitability goals and promised shareholders extra payouts, despite full year profit undershooting expectations, as it banks on inflation-battling rate hikes worldwide to boost lending.jumped 5.9 per cent and was the biggest gainer on the blue-chip index after beating estimates for fourth-quarter sales, as heightened fears about Covid-19 led to increased demand for its cleaning products.The pan-European Stoxx 600 index fell 0.7 per cent.

 

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