European stocks fall to almost 1-year low as oil rises

The actions european closed above session lows this Monday (7), helped by a rally of 4.3% in energy papers, after the prices of the Petroleum rise beyond 130 dollars a barrel.

The London FTSE 100, which focuses on commoditieslost the least, with a drop of 0.4%, after major oil companies BP PLC and Shell jumped 3.8% and 8%, respectively, while the United States and Western allies analyze a ban on imports of Russian oil because of the invasion of the country to the Ukrainewhich Moscow calls a “special operation”.

The pan-European STOXX 600 index reduced losses of about 3% and closed down 1.10%, at 417.13 points, the lowest in almost a year. Banking and auto stocks led the declines.

The German DAX and Italian MIB indexes are down more than 20% from their January 5 closing records, confirming bear market levels. The indices were down 2.0% and 1.4%, respectively, on the day.

In London, the Financial Times index fell 0.40%, to 6,959.48 points. In Frankfurt, the DAX index fell 1.98% to 12,834.65 points.

The CAC-40 index, in Paris, lost 1.31%, at 5,982.27 points, while the Ftse/Mib, in Milan, lost 1.36%, at 22,160.28 points.

In Madrid, the Ibex-35 index registered a drop of 0.99%, to 7,644.60 points, and in Lisbon, the PSI20 index increased by 1.16%, to 5,393.48 points.

Source: CNN Brasil

You may also like