Recovery with strong gains of over 3% in the European markets

European markets responded immediately to yesterday’s sell-off, as signs of some de-escalation of the Ukrainian crisis led to a close with strong gains that erased much of the losses of a difficult week.

In particular, the pan-European Stoxx 600 index completed its trading with a rise of 3.3% to 453.53 points, making an impressive comeback after falling yesterday to its lowest level for 2022.

The dominant impetus to the “counterattack” was given by the mining, banking and utility sectors, which all strengthened by more than 4%.

At the five-day level, however, the index did not manage to erase all the losses of a week of strong pressures, but reduced them to only about 1.5%.

In the same climate, the German DAX closed at + 3.76% and 14,567 points, the French rose 3.55% to 6,752 points, as well as the British FTSE 100 which strengthened by 3.9% and closed at 7,489 points .

Similarly, in the region, the Italian FTSE MIB recorded an increase of 3.6% and completed at 25,773 units, as well as the Spanish IBEX 35 which recorded + 3.51% at 8,486 units.

The main issue that concerns investors and determines the pace of markets, not only in Europe but also worldwide, continues to be the Ukrainian crisis, which escalated with the invasion of the Russian army in the country, leading to a generalized sell off.

Gradually, however, the climate seemed to recover, as sanctions were announced in Moscow on both sides of the Atlantic, and today the prospect of dialogue between the leaders of Russia and Ukraine became apparent.

In the same context, the energy market also showed significant signs of recovery, with the price of gas falling again to the level of 90 euros and oil below $ 100.