The main European indicators started the trading week in an environment of pressure, as the escalation of Russian military operations in Ukraine intensifies uncertainty and risk aversion.
In this climate, the pan-European Stoxx 600 is moving with losses of 1.09% and is at 454.76 points, with liquidations mainly in the travel and leisure sector which is declining by 1.5% while the energy sector is strengthening by 1%.
On the European charts, the German DAX fell 0.92% to 14,034 points, the French CAC 40 fell 1.07% to 6,519 points, as well as the British FTSE 100 traded at 7,598 points with -0, 25%.
The picture is similar in the region, where in Italy the FTSE MIB shows losses of 1.13% and is at 24,582 points, like the IBEX 35 in Spain which is down 0.7% moving to 8,638 points.
Investors’ eyes are fixed on Ukraine, where the Russian attack continues unabated and the possibility of a de-escalation on the horizon is no longer visible.
In the latest developments from the front, the Russian armed forces have launched an offensive against eastern Ukraine, which they are bombarding vigorously, while continuing to fire on the western part of the country.
Yesterday, the World Bank cut its estimate for the global recovery in 2022 to 3.2% from the 4.1% previously expected, noting the impact of the Russian invasion on economic activity.
Earlier today, the indexes in Asia had moved with mixed signs with the Hang Sang in Hong Kong recording significant losses that exceeded 2.3%, while yesterday Wall Street had moved with slightly downward trends.
Source: Capital
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