The European markets are in search of direction

The main European indices are moving at the beginning of the week with mixed signs and marginal changes, with the eyes of investors remaining focused on Ukraine.

In particular, the pan-European Stoxx is down slightly 0.1% to 454.35 points, with technology down 0.8% while the oil and gas sector is up 1%.

In the individual European boards, the German DAX recorded marginal losses of 0.05% moving at 14,405 points, the French CAC 40 strengthened slightly by 0.08% to 6,625 points, while the British FTSE 100 recorded gains of 0.34% and was at 7,429 units.

The picture is clearer in the European region, where the Italian FTSE MIB is up 0.29% at 24,298 points and in Spain the IBEX 35 is up 0.42% at 8,453 points.

Markets, both in Europe and around the world, continue to watch the Russia-Ukraine war, with Russian bombardment continuing unabated and no significant developments at the weekend.

For his part, Ukrainian President V. Zelensky said he was ready to talk to Putin’s Russian counterpart, but warned that if those talks did not bear fruit, it would mean a third world war.

Otherwise, investors are evaluating the new outbreak of coronavirus cases in the Old Continent, due to the sub-variation of Omicron.

At the same time, oil prices after a sharp downward week have begun to move up again above $ 110 again, however, European gas continues to follow a downward trend, having fallen today to 96 euros.

Source: Capital

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