{"id":117856,"title":"Fears of escalating tensions between Russia and Ukraine drive gains in oil and defense stocks.","publisher":"Share Talk","author":"sharetalk","published":"2024-11-21T20:00:01+00:00","modified":"2024-11-21T20:00:01+00:00","canonical_url":"https://www.share-talk.com/fears-of-escalating-tensions-between-russia-and-ukraine-drive-gains-in-oil-and-defense-stocks/","markdown_url":"https://www.share-talk.com/fears-of-escalating-tensions-between-russia-and-ukraine-drive-gains-in-oil-and-defense-stocks.md","json_url":"https://www.share-talk.com/fears-of-escalating-tensions-between-russia-and-ukraine-drive-gains-in-oil-and-defense-stocks.json","category":"B2B","categories":["B2B","Blogs","Business & Support Services","Technology","Technology, Media & Telecoms"],"tags":["Cac 40","DAX index","Europe","Frankfurt","FTSE 100","Moscow","Paris","Russia","UK","USA"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/FTSE-100-15-NOV-23.jpg?fit=1200%2C800&ssl=1","format":"news","language":"en-GB","content":"The FTSE 100 climbed today as investors turned to oil and mining stocks amid heightened fears over escalating tensions in Russia’s invasion of Ukraine.\n\nLondon’s leading index rose 0.8% to close at 8,149.27. Energy giants Shell and BP benefited from rising oil prices, with their shares gaining 1.8% and 2%, respectively. Defense-focused companies Rolls-Royce and BAE Systems also advanced, driven by increasing concerns over the conflict in Ukraine.\n\nThe market reaction followed Russian President Vladimir Putin’s announcement on Thursday that Russia had tested a new intermediate-range missile in an attack on Ukraine. Putin also issued a warning that Moscow could target nations allowing Kyiv to use their missiles against Russia.\n\nThese developments came during a week of heightened tensions, as the US and UK eased restrictions on Ukraine’s use of longer-range missiles within Russian territory.\n\nElsewhere in Europe, Frankfurt’s DAX index rose 0.7%, while Paris’s CAC 40 edged up 0.2%."}