Latest News

European stocks grind higher with Ukraine in focus

0

© Reuters. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February 15, 2022. REUTERS/Staff

(Reuters) – European stocks made cautious gains on Wednesday on hopes of a de-escalation of tensions between Russia and Ukraine, although accelerating inflation kept a lid on Britain’s blue-chip index.

The continent-wide STOXX 600 index rose 0.2% by 0810 GMT, adding to the 1.4% jump in the previous session when Moscow indicated it was returning some troops near Ukraine border to base in an apparent de-escalation.

However, concerns lingered as Kyiv appeared to blame Russia for a cyber attack and U.S. President Joe Biden said the country had not verified the move on troop returning.

UK’s FTSE 100 was flat after data showed consumer prices rose at the fastest annual pace in nearly 30 years in January, boosting bets that the Bank of England will raise interest rates for a third meeting in a row.

Battered travel & leisure stocks were the top gainers in Europe, up 1.1%.

Among individual stocks, tobacco group Swedish Match gained 4.4% after proposing a hike to its annual dividend, while French industrial gases company Air Liquide (PA:AIRP) climbed 2.9% as it forecast a bigger profit for 2022.

Ericsson (BS:ERICAs) tumbled 7.1% after it said an internal investigation in 2019 found serious breaches of its compliance rules in Iraq.

European stocks grind higher with Ukraine in focus

Disclaimer:Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

France will need to boost deficit reduction plans after election – auditor

Previous article

FTSE 100 gains on bank boost, midcaps buoyed by Indivior

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in Latest News