European stock markets are moving with strong gains on Wednesday in anticipation of a new round of Ukraine-Russia talks and while investors are waiting for the Federal Reserve to announce later today the first increase in interest rates from 2018.
In Ukraine, Russian forces continue to indiscriminately hit the country’s infrastructure, while the wider military situation remains broadly unchanged, according to the general staff of the country’s Armed Forces. Ukraine’s armed forces are launching counterattacks against Russian forces “in several operational areas,” wrote an adviser to Ukrainian President Mikhail Pontoliak on Twitter.
The Russian Ministry of Defense announced for its part that the Russian forces are making progress in urban areas.
The delegations of the two sides are expected to hold new talks today, following yesterday’s optimistic statements by the Ukrainian side, which distinguished “margins for compromise”.
On the board, the pan-European index Stoxx Europe 600 jumps 1.8% to 442.96 points.
The German DAX is up 2.1% at 14,211.91 points, the French CAC 40 is up 2% at 6,484.48 points, while the British FTSE 100 is up 1.2% at 7,262.15 points.
In the region, the Italian FTSE MIB strengthened 2.1%, while the Spanish IBEX 35 gained 1.6%.
Source: Capital
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