European stock market tumbles as tensions between Ukraine and Russia create shockwaves | City & Business | Finance

Major eurozone stock markets started the week in the red amid concerns over a possible advance into Ukraine by Moscow. London was also a sea of ​​red, at midday the FTSE 100 was down 1.22%. While the French stock index, the CAC had fallen by 1.87 percent.

The DAX, the German stock exchange listing of the 40 largest German companies, fell 1.95%.

The plummeting FTSE saw shares of homebuilders, miners and tech-focused stocks decline.

Globally, markets are rocked by concerns about a possible military conflict between Ukraine and Russia.

The US State Department recommended on Sunday that all US citizens in Ukraine leave the country immediately.

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“This cocktail of concerns also swept through Asian markets and landed on the doorstep of UK markets in early trading.

“In particular, a number of broker downgrades have weighed on homebuilders, with worries about growth prospects weighing on miners and more earnings-focused US stocks also under pressure.”

However, back on the trading floor, some companies saw green candlesticks.

There was strong buying pressure for Unilever.

The company posted the biggest gain, up 6% or 225p to £3,900.

The rise came after it emerged that activist investor Nelson Peltz’s Trian fund had invested in the consumer goods giant.