Europe stock market plummets as Ukraine-Russia tensions create shockwaves

Liz Truss set to visit Vladimir Putin in Russia 'for talks'

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The major stock exchanges within the eurozone started the week in the red amid worries about a possible advancement into Ukraine by Moscow. London was also a sea of red, at midday, the FTSE 100 was down 1.22 percent. While French stock market index, the CAC had tumbled 1.87 percent.

The DAX, German stock market listing of the top 40 German companies, fell 1.95 percent.

The plummeting FTSE saw shares in housebuilders, miners and technology-focused stocks all in decline.

Globally, markets are shaken by the concerns over possible military conflict between Ukraine and Russia.

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

The US has pointed to a recent military build-up on the Russian side of the border.

The US State Department said: “Our recommendation to US citizens currently in Ukraine is that they should consider departing now.

“They should do this using commercial or privately available transportation options.”

Speaking to Yahoo Finance about the possibility of conflict and the effect it will have on markets Richard Hunter of interactive investor said: “The apparently worsening of relations between Russia and Ukraine has put investors on alert.

“Any possible attacks by Russia will have wider implications which other major powers will be unable to ignore.

“Whether this results in military action or strict sanctions remains to be seen, but in any event the developments are adding to general investor unease.

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“This cocktail of concerns also swept through Asian markets and landed at the door of UK markets in early exchanges.

“In particular, a number of broker downgrades weighed on the housebuilders, with growth prospect concerns weighing on the miners and more US earnings focused stocks also under pressure.”

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

There was strong buying pressure for Unilever.

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

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

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