Geopolitical concerns continue to weigh on FTSE

Heading into the close the FTSE 100 is down 23 points as uncertainty in Ukraine sends stocks lower. 

FTSE falls below 6700

The FTSE has been driven below the 6700 mark as unfinished business in Ukraine has triggered an exodus from equities. British stocks are holding up better than their European counterparts, who are paying the price for being heavily dependent on Russian natural gas.

Moscow is being squeezed politically and financial by the west. Russian debt has been downgraded by Standard & Poor’s following two failed bond auctions, and this could lead to Moscow reducing its gas supply to Europe.

Ford misses expectations

In the US, the Dow Jones is down 100 points at 16,400.

Ford is in the red after the car maker revealed a softer-than-expected EPS. Adverse weather was blamed for some of the shortcomings, but the company took a $400 million hit because of recalls and warranties.

Microsoft has managed to cling on to positive territory after reporting better-than-expected earnings last night, and its expansion into cloud computing ensured blue skies trading today. 

Gold breaks through $1300

Gold has broken through the $1300 barrier today as the precious metal benefitted from a flight to quality. As long as the situation in Ukraine remains tense, the metal will be in demand. 

Retail sales boost GBP/USD

A jump in UK retail sales has lifted GBP/USD, providing further evidence that the British economy is growing.  

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

Find articles by analysts

Een artikel zoeken

Form has failed to submit. Please contact IG directly.

  • Ik wens per e-mail informatie van IG Group bedrijven te ontvangen over handelsideeën en IG's producten en diensten.

Voor meer informatie over hoe wij uw gegevens mogelijk kunnen gebruiken, bekijkt u ons Privacy- en toegangsbeleid en onze privacy website.