LONDON, March 7 — London’s FTSE 100 stock index hit a more than seven month-low today, with soaring oil prices sparking inflationary concerns across the globe as Western allies mulled a Russian oil import ban. The blue-chip FTSE 100 fell 2.4 per cent to its lowest since July 2021, with...
LONDON, March 7 — London’s FTSE 100 stock index hit a more than seven month-low today, with soaring oil prices sparking inflationary concerns across the globe as Western allies mulled a Russian oil import ban.
Fighting stopped about 200,000 people from evacuating the besieged Ukrainian city of Mariupol for a second day in a row yesterday, as Russian President Vladimir PutinHowever, energy and mining stocks jumping 4.0 per cent and 9.3 per cent, respectively, capped losses in the commodity-heavy benchmark index.
“Investor sentiment has been hit hard. All the hopes of a strong recovery this year have started waning slowly and inflation worries have taken the centrestage.”
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