European shares fell after three consecutive sessions of gains on Wednesday, as investors paused to take stock of the outcome of peace talks between Russia and Ukraine.
The pan-European STOXX 600 index on Tuesday closed at levels it reached before the conflict, after peace talks between Moscow and Kiev gave the most tangible sign of progress so far in negotiating an end to the war.
Russian forces bombed the outskirts of Kiev and a city in northern Ukraine on Wednesday, a day after Moscow vowed to reduce operations there.
The STOXX 600 ended Wednesday down 0.41% at 460.19 points, while commodity-exposed sectors were in positive territory. Mining companies and the energy sector gained 2.4% and 3.3%, respectively, as oil and metals prices rebounded.
Given the rise in commodity prices since the start of the war, energy shares are up 4.7% this month, while miners are up more than 6%, vastly outpacing the STOXX 600’s 1.6% gain in the same month. time course.
- In London, the Financial Times index advanced 0.55%, to 7,578.75 points;
- In Frankfurt, the DAX index fell 1.45% to 14,606.05 points;
- In Paris, the CAC-40 index lost 0.74%, to 6,741.59 points;
- In Milan, the Ftse/Mib index had a devaluation of 0.03%, to 25,300.25 points;
- In Madrid, the Ibex-35 index registered a drop of 0.74%, at 8,550.60 points;
- In Lisbon, the PSI20 index rose by 1.45%, to 6,007.68 points.
Source: CNN Brasil
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