Major European stock markets showed positive signs on Tuesday, with investors weighing the prospect of the West cutting off Russian oil imports, sparking worries about inflation and slowing economic growth.
Oil is moving higher today The United States is one step closer to imposing a ban on Russian oil imports after the invasion of Ukraine, intensifying economic pressure on President Putin.
Such a move could create a risk of stagnant inflation – a period of slow economic growth and high unemployment combined with high inflation – for the world economy.
WTI for April delivery rose 2% to $ 121.78 a barrel, while Brent for May delivery rose 2.8% to $ 126.65 a barrel.
The effects of the war have turned markets upside down, driving everything from wheat to nickel and gas to soaring as citizens prepare for an inflation shock.
In the last 24 hours, the International Atomic Energy Agency (IAEA) said it had been informed by Ukrainian authorities that Russian artillery shells had damaged a nuclear research facility in Ukraine’s second largest besieged city, Kharkiv, with no “radiological consequences.” According to the same sources, part of the Kharkiv Institute of Physics and Technology, which produces radiological material for medical and industrial use, was affected.
The third round of talks between the Russian and Ukrainian delegations took place yesterday, with Kyiv saying that some progress had been made on the evacuation of civilians from the war zones, but that there was no agreement that would improve the wider situation. . From today at 9 p.m. A ceasefire has been implemented in five Ukrainian cities to allow the evacuation of civilians via humanitarian corridors, Moscow said.
In this climate, the pan-European index Stoxx 600 although it started trading with a negative sign, now adds 1% to 421 points, with the banking sector leading the profit with an increase of 2.3%, while the biggest losses are recorded by the shares of SMEs with a fall of 0.8%.
In the individual dashboard, the German DAX strengthened by 1.25% to 12,980 points, the French CAC 40 gains 1.9% to 6,100 points and the British FTSE 100 adds 0.2% to 6,950 points.
In the periphery, the Italian FTSE MIB climbs 2.8% to 22,780 points, and the IBEX 35 records gains of 2.7% at 7,850 points.
In macro day, German industrial production rose in January, exceeding estimates despite problems in the supply chain. Total industrial production increased by 2.7% in January compared to the previous month, in calendar adjusted terms, according to the statistical service Destatis.
Meanwhile, stock markets in the Asia-Pacific region are decliningamid continuing investor caution in weighing developments in the Russia-Ukraine war.
Source: Capital
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