08/04/14 Market Movements

Market news
The FTSE100 fell for a second day as tensions between the U.S. and Russia weighed on investor sentiment.

The U.S. has accused Russia of instigating the storming of government offices in eastern Ukraine after evidence emerged that some of the pro-Russian rebels who seized buildings in the Ukrainian cities of Luhansk and Donetsk were paid and brought in from outside the Ukraine.

Sports Direct was the biggest FTSE100 faller down 9.2% after owner Mike Ashley surprisingly sold approximately 7% of his personal holding (worth £200 million)

UK data
Data released today showed U.K. factory production increased 1% in February when compared to the previous month, –  beating estimates by 0.3%. Industrial output, which includes utilities and mining, rose 0.9% percent – beating estimates by 0.6%.