European stock markets are moving positively on Thursday as investors watch developments in Ukraine in the hope of seeing signs of de-escalation in view of new round of talks between the two sides on Friday.
Following the conclusion of the previous round of talks on Tuesday, Moscow announced that it would reduce its military operations in Kyiv and other parts of Ukraine in order to boost negotiations. The Ukrainian side, however, expressed serious reservations about Moscow’s announcements, while the United States rejected Russia’s claims of de-escalation, warning that Russia was redeploying its forces. Russian airstrikes continued Wednesday in Kyiv and other major Ukrainian cities.
The pan-European Stoxx 600 index gained small 0.2% at 461.16 points.
The German DAX rose 0.7% to 14,709.23 points after data showed that retail sales rose 0.3% in February, losing analysts’ estimates.
The French CAC 40 gains 0.3% to 6,764.30 points after the announcement of the country’s statistical service that inflation jumped to a new record in March, at 5.1%.
The British FTSE 100 is moving with small gains of 0.2% at 7,590.58 points.
In the periphery, the Italian FTSE MIB gained small gains of 0.2%, while the Spanish IBEX 35 also gained 0.25%.
Oil prices, meanwhile, are plunged today in the wake of reports that the US government is considering releasing about 1 million barrels per day of strategic reserves over a six-month period.
Source: Capital
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