The main European indices show slight upward trends, with the attention of investors continuing to be focused on Ukraine while evaluating Powell’s new statements.
In particular, the pan-European Stoxx 600 index rose slightly 0.2% to 455.8 points, with the banking sector at + 0.9% while shares in the healthcare sector fell by 0.4%.
In the individual European boards, the German DAX moves to 14,404 units with an increase of 0.5%, the French CAC 40 strengthens by 0.24% to 6,609 and the British by 0.29% moving to 7,464 units.
The picture is similar in the markets of the region, where in Italy the FTSE MIB increased by 0.3% and moved to 24,294 units, as well as the Spanish IBEX which is at 8,422 units with + 0.4%.
Investors’ eyes are fixed on the Ukrainian front, where in recent days there has been no substantial progress in the Moscow-Kiev talks, while in recent developments the Ukrainian president has stated that any agreement will be put to a referendum to be decided by the people of the country.
For his part, US President Joe Biden said that Putin’s Russian counterpart was with his back to the wall and that he would not hesitate to use chemical weapons.
Meanwhile, US Federal Reserve Chairman Jerome Powell said yesterday that the Fed should move “fast” to reduce excessively high inflation, stressing that if necessary the bank will proceed with higher than usual interest rate hikes.
Finally, another source of concern is the growing number of coronavirus cases in Europe, as the Omicron variant is spreading rapidly.
Source: Capital
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