FTSE 100 eyes worst week in 13 months as Ukraine crisis weighs

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

* FTSE 100 falls 1%, FTSE 250 declines 0.4%

March 4 (Reuters) - UK's FTSE 100 slid on Friday, on track for its worst weekly performance in over a year as escalating Russia-Ukraine crisis kept investors on the edge.

The blue-chip FTSE 100 .FTSE index fell 1% after reports of a fire near Ukraine's Zaporizhzhia nuclear power plant, the largest of its kind in Europe, following fighting with Russian forces sent investors scrambling for safety.

However, losses on the commodity-heavy index were smaller than its European peers as stronger metal prices cushioned the impact on the benchmark index.

Precious metal .FTNMX551030 advanced 0.7% and base metal miners .FTNMX551020 declined 0.9% respectively.

The domestically focussed mid-cap index .FTMC slipped 0.4%. For the week so far, the index is down nearly 4%.

The London Stock Exchange LSEG.L said it had suspended with immediate effect the trading of stock listings of several Russian-based companies, including Sistema SSAq.L and Magnit MGNTq.L .
Reporting by Amal S in Bengaluru; Editing by Saikat Chatterjee

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.