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London stocks dip as markets watch Ukraine peace talks
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London stocks dip as markets watch Ukraine peace talks
Aug 18, 2025 4:24 AM

(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window)

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FTSE 100, FTSE 250 down 0.1%

*

Trump tells Ukraine to give up on NATO and Crimea

*

Asking prices for UK homes drop, but July sales hit 5-year

high

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Dr Martens ( DOCMF ) gains after Peel Hunt upgrades stock

Aug 18 (Reuters) - Britain's main stock indexes edged

lower on Monday, dragged by losses in financial and energy

sector shares, as investors monitor U.S.-led peace negotiations

in the Russia-Ukraine conflict.

As of 1010 GMT, the blue-chip FTSE 100 inched 0.1%

lower, well below Friday's intraday record high, though the

index closed last week with modest gains. The midcap FTSE 250

also fell 0.1% on Monday.

Markets are bracing for U.S. President Donald Trump's

meeting with Ukrainian President Volodymyr Zelenskiy and

European leaders later in the day. Ahead of the meeting, Trump

told Ukraine to give up hopes of getting back annexed Crimea or

joining NATO.

After his Friday's summit with Russian President Vladimir

Putin, Trump has appeared more aligned with Moscow on seeking a

full peace deal with Ukraine instead of a ceasefire first.

Energy sector was 0.6% down on Monday, as oil

markets were volatile, reacting to Washington's signals on

secondary sanctions on Russian oil.

Financial sector was the main underperformer with life

insurers index and banking index

falling 1% and 0.4% respectively.

On the flip side, defensive stocks such as precious metal

miners, healthcare, and utilities

rose over 0.5% each.

Economic data on the day revealed that asking prices for

newly advertised British properties fell in the four weeks to

mid-August, though less notably than in previous months. July

sales reached their highest level for that time of year since

2020.

A gauge of Britain's homebuilders gained

0.9%.

Later this week, attention will turn to the Jackson Hole

symposium where U.S. Federal Reserve chair Jerome Powell may

offer clues on future interest rate direction.

Among single stocks, bootmaker Dr Martens ( DOCMF ) jumped

8.4% after brokerage firm Peel Hunt upgraded the stock to "buy"

from "add".

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