European shares rose in turbulent trading on Thursday, a day after the Federal Reserve’s widely anticipated US interest rate hike, as investors closely watched Russian-Ukraine peace talks.
The pan-European STOXX 600 index closed up 0.45% at 450.49 points, reducing the losses accumulated in March caused by the conflict in Ukraine.
Investors have coped well with the onset of monetary tightening in the US. The Fed raised interest rates by 0.25 percentage point, as expected, and signaled equivalent hikes at every meeting for the remainder of this year.
Commodities led the gains in Europe. The energy sector advanced 2.2%, after the 8% jump in oil prices caused by expectations of supply shortages in the coming weeks because of sanctions on Russia.
- In London, the Financial Times index advanced 1.28%, to 7,385.34 points;
- In Frankfurt, the DAX index fell 0.36% to 14,388.06 points;
- In Paris, the CAC-40 index gained 0.36% to 6,612.52 points;
- In Milan, the Ftse/Mib index had a devaluation of 0.62%, to 24,133.23 points;
- In Madrid, the Ibex-35 index registered an increase of 0.38%, to 8,412.00 points;
- In Lisbon, the PSI20 index rose by 1.25%, to 5,692.74 points
Source: CNN Brasil
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