The European markets are rising as the geopolitical tension escalates

The main European indicators started the week in positive territory, as the emerging dominance of diplomacy on the issue of the Ukrainian crisis seems to dispel concerns for the time being about the consequences of a Russian invasion.

In this climate, the pan-European Stoxx 600 index strengthened by 0.4% and moved to 462.7 points, with almost all their branches in the “green” and the automotive sector leading the rise with + 1.3%.

On the European charts, the German DAX is up 0.65% and is moving at 15,140 points, the French CAC 40 is at 6,952 with + 0.3%, as well as the British FTSE 100 which is up 0.65% and is trading at 7,561 units.

Similarly, in the European region, the Italian FTSE MIB is up 0.4% and is trading at 26,601 points, as is the Spanish IBEX which is up 0.65% moving to 8,645 points.

With geopolitical tensions on Ukraine’s border effectively monopolizing the interest of the international investment community in recent times, the news that Russian Presidents Vladimir Putin and US President Joe Biden have agreed to meet to discuss the issue, following a proposal by the French president Εμ. Macron downplayed concerns about an impending Russian-Ukrainian war, offering temporary “relief” to European indicators.

The two leaders agreed at the meeting on the condition that the United States set “only if Russia has not invaded Ukraine”, with US presidential spokeswoman Jen Psaki warning that “we are ready to deliver swift and heavy blows.” “If Russia chooses war instead.”

Elsewhere in the day-to-day business news, Credit Suisse said it was “strongly rejecting” allegations of leakage of data from thousands of its bank accounts over the past decades.

Finally, on the macroeconomic front, the preliminary data of the PMI for the Eurozone and the United Kingdom will be announced later in the day.