Categories: Markets

Heavy losses in the European markets in the shadow of the Ukrainian crisis

Heavy losses in the European markets in the shadow of the Ukrainian crisis

European stocks closed higher on Monday in the shadow of the Ukraine crisis, with the indicators narrowing their losses amid hopes that feverish consultations to de-escalate the crisis have begun to bear fruit.

The pan-European Stoxx 600 fell 1.8% to 460.96 points, while at the bottom of the day it was found to fall 3%.

Reports that Russian Foreign Minister Sergei Lavrov on Monday suggested to President Vladimir Putin that Moscow continue diplomatic efforts to secure security guarantees from the West have given a boost to investment psychology. conflict.

A telephone conversation between Putin and US President Joe Biden on Saturday preceded the two leaders from taking their positions without any apparent progress.

The Russian president is said to have given an initial green light to the Russian Foreign Ministry’s response to the West regarding the security guarantees requested by Moscow. According to Reuters, Russian diplomats are now finalizing the text of the answers to the West.

In the sub-boards, the German DAX lost 2% at 15,113.97 points, the French CAC 40 fell 2.3% to 6,852.20 points, while the British FTSE 100 fell 1.7% to 7,531.59 points.

In the periphery, the Italian FTSE MIB plunged 2%, while the Spanish IBEX 35 closed at -2.55%.

At the bottom of the day, losses exceeded 3% in Frankfurt, Paris and Milan.

Source: Capital