The FTSE 100 fell 1.8% on Monday morning as investors continued in risk-off mode amid surging oil prices and the escalating conflict in the Middle East.
The sell-off was mirrored across Europe, with Germany’s DAX down 2.5% and France’s CAC 40 falling 2.7%. The broader STOXX Europe 600 declined 2.3%.
Markets turned sharply lower after Brent crude surged following output cuts by major oil producers amid the ongoing conflict in the Middle East.
WELCOME BONUS - Free Share Bundle When You Invest £50!
Open a UK Investment Account: Shares, ISAs, Managed Portfolio
Invest in 15,000+ shares and ETFs. Open an account now, invest at least £50, and you’ll get a free share bundle worth between £40 and £200. T&Cs apply.
IG
View Offers
Empfohlener Broker
Multi Asset Platform
Brent crude climbed is currntly trading around $107 a barrel, intensifying concerns about energy-driven inflation and the potential economic impact of prolonged supply disruptions.
Predictably, oil stocks were among the few bright spots in London. Oil majors Shell and BP rose 1.8% and 1.2%, respectively, benefiting from the spike in crude prices. Admiral Group also edged higher, gaining 1.2% to round out the list of the index’s top risers.
Losses were led by industrial and mining stocks. Rolls‑Royce Holdings dropped 6%, while miners Anglo American and Antofagasta fell 5.7% and 5.6%, respectively.
Travel stocks were also under pressure as higher fuel costs weighed on sentiment. International Airlines Group slid 4.4%, while low-cost carrier easyJet dropped 3.7%.
Despite its traditional safe-haven appeal, gold remains volatile, falling about 1.5% to roughly $5,096 an ounce.
Searching for the Perfect Broker?
Discover our top-recommended brokers for trading or investing in financial markets. Dive in and test their capabilities with complimentary demo accounts today!
- IG Top-tier regulation – Read our Review
- eToro Wide range of instruments available to trade – Read our Review
YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY
