FTSE 100 Index Decline Due to Middle East Tension

  • Jan 04, 2020 GMT
  • Team Kalkine
 
  • The London’s broader equity benchmark index FTSE 100 fell on 3rd January 2020, driven by the United States air strike in Iraq stoke up geopolitical tensions and drove shareholders away from hazardous assets, with oil stocks gained from a rise in crude prices.
  • The FTSE 100 index, which started the decade with strong gains, followed international peers into the red and was lower than 0.4 per cent after the air strike that killed top Iraqi and Iranian commanders.
  • Top oil companies’ prices were shot up more than 3 per cent on fears of a supply disruption.

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