Jumat, 25 Februari 2022

Ukraine invasion sparks turmoil on global markets | Business - The Times

The FTSE 100 endured its worst day since the first Covid-19 lockdown yesterday as European stock markets tumbled and the price of oil rose above $105 a barrel for the first time in nearly eight years after Russia invaded Ukraine.

London’s premier share index closed down 291.17 points, or 3.9 per cent, at 7,207.01, its worst day in percentage terms since falling by 4 per cent on June 11, 2020, when markets were gripped by concerns about a new wave of Covid cases.

The slide takes the FTSE 100 back below where it was in February 2020, days before the coronavirus triggered a global sell-off. However, the index is still nearly 45 per cent above the pandemic low it reached in March 2020.

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2022-02-25 00:01:00Z
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