European stocks traded lower on Thursday as investors continued to watch the war in Ukraine in the hope that a scheduled meeting of the two sides for talks later today would bear fruit.
Russia’s military operations in Ukraine continue for a seventh day with Kyiv and the country’s largest cities in the east being the target of continuous bombardment. Analysts are pessimistic about the progress of the negotiations today, recalling that Ukrainian President Zelinsky has set a condition to stop the bombing of civilians in his country’s cities.
On the board, the pan-European STOXX 600 index rose 0.5% to 448.66 points.
The German DAX index increased 0.3% to 14,043.50 points, the French CAC 40 gained 0.5% to 6,532.04 points, while the British FTSE 100 strengthened 0.4% to 7,458.34 points.
In the region, the Italian FTSE MIB rose 0.6%, while the Spanish IBEX 35 moved with small gains of 0.2%.
Meanwhile, investors are trying to assess the impact of the evolving geopolitical crisis, the biggest in recent decades, on the course of monetary policy in Europe and the US in the coming months. Analysts now believe that central banks on both sides of the Atlantic will be more cautious in tightening their policies so as not to derail their economies amid the growing risks of war in Ukraine on global development.
Source: Capital
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