LONDON: Europe’s stock markets fell yesterday after the United States and European Union announced that they would apply further sanctions against Russia over the crisis in Ukraine.
The news sent markets sliding as many investors sought to minimise risky investments amid heightened Ukraine concerns, dealers said.
In midday deals, London’s FTSE 100 fell 0.80 per cent to 6,730.46 points, Frankfurt’s DAX 30 shed 1.08 per cent to 9,753.03 points and Paris’ CAC 40 reversed 1.14 per cent to 4,319.1.
Milan stocks dropped 1.47 per cent, Madrid decreased by 1.24 per cent, and Lisbon was down 1.37 per cent.
“Risk aversion has returned to the markets on Thursday after the US and Europe announced a fresh round of sanctions against Russia in response to its part in the Ukrainian conflict,” said Alpari analyst Craig Erlam. AFP