Quantcast

Markets roiled by fresh US sanctions on Russia - abc27 WHTM

Markets roiled by fresh US sanctions on Russia

Posted: Updated:
  • NationalMore>>

  • Perdue defeats Kingston in Georgia Senate runoff

    Perdue defeats Kingston in Georgia Senate runoff

    Tuesday, July 22 2014 11:46 PM EDT2014-07-23 03:46:40 GMT
    After a bruising nine-week runoff campaign, Georgia Republicans will finally have their Senate nominee who will compete against Democrat Michelle Nunn for a seat the GOP can ill afford to lose as the party looks to...More >>
    Businessman David Perdue has defeated longtime Rep. Jack Kingston in the Republican runoff for Georgia's U.S. Senate nomination, setting up a matchup against Democratic nominee Michelle Nunn that will help determine...More >>
  • CEO: Clippers coach to quit if Sterling stays

    CEO: Clippers coach to quit if Sterling stays

    Tuesday, July 22 2014 11:24 PM EDT2014-07-23 03:24:23 GMT
    Richard Parsons, the interim CEO of the Los Angeles Clippers, is due to step into the battle of billionaires going on in probate court over the proposed sale of the Los Angeles Clippers.More >>
    The interim CEO of the Los Angeles Clippers testified Tuesday that coach Doc Rivers told him he will quit if Donald Sterling remains the owner of the team.More >>
  • Flight bans show skittishness over trouble spots

    Flight bans show skittishness over trouble spots

    Tuesday, July 22 2014 11:15 PM EDT2014-07-23 03:15:04 GMT
    By The Associated Press Delta Air Lines is canceling all flights to Israel until further notice, citing reports that a rocket landed near Tel Aviv's Ben Gurion Airport.More >>
    By The Associated Press When U.S. and European airlines quickly canceled flights to Israel Tuesday, they showed both a skittishness and a new sense of urgency in dealing with global trouble spots...More >>
By The Associated Press

LONDON (AP) - Another round of U.S. sanctions on Russia weighed on markets Thursday. News that a Malaysia Airlines passenger plane carrying 295 had been shot down over Ukraine added to the negative tone.

Russia's MICEX index underperformed the world market, closing down 3.8 percent, a day after the latest round of U.S. sanctions, which targeted two major energy firms, a pair of powerful financial institutions, eight weapons firms and four individuals. The U.S. penalties are meant to increase pressure to end the insurgency in eastern Ukraine believed to be supported by Moscow.

"A fresh round of sanctions against Russia has wrong-footed the market today, and helped to remove some of the complacent momentum witnessed in equities," said Brenda Kelly, chief market strategist at IG.

In Europe, the FTSE 100 index of leading British shares closed down 0.7 percent at 6,738.32 while Germany's DAX fell 1.1 percent to 9,753.88. The CAC-40 in France ended 1.2 percent lower at 4,316.88.

In the U.S., the Dow Jones industrial average was down 0.3 percent at 17,094 while the broader S&P 500 index fell 0.5 percent to 1,972.

Traders hammered Mattel and AutoNation after the companies reported disappointing results, while homebuilders sank on news that home construction slowed sharply last month. Over the rest of the week, earnings reports from Google and IBM are key events investors will monitor.

Earlier in Asia, most of the region's markets finished in negative territory or were little changed. Tokyo's Nikkei 225 closed 0.1 percent lower at 15,370.26 and China Shanghai Composite declined 0.6 percent to 2,055.59. Hong Kong's Hang Seng and Sydney's S&P/ASX 200 were little changed.

South Korea was the only major market that finished higher. The Kospi in Seoul rose 0.4 percent to 2,020.90. The market was boosted by expectations that the country's new pro-growth finance minister would introduce measures to ease housing market regulations and encourage domestic spending.

Elsewhere, trading was muted, with the euro flat at $1.3526 and the dollar down 0.3 percent at 101.36 yen.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by WorldNow