European stock markets bounce this Friday after the attack on Ukraine

The IBEX 35 has approached the 8,300 points in the half session this Fridayin which he presented a advance of 1.22%after the collapse of the previous day due to Russia’s attack on Ukraine.

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The scenario continues to be marked by tension and international reactionswith US and European sanctions. The United States and other powers have circulated a petition for a resolution in the United Nations Security Council to condemn Russia’s attack on Ukraine and demand the immediate withdrawal of troops of Ukrainian soil, as confirmed by a senior US official to Europa Press.

The Heads of State and Government of the European Union, for their part, have chosen to stagger the sanctions against Russia and discuss further measures depending on the evolution of events in Ukraine.

The Ministers of Economy and Finance of the EU have explained this Friday that they will address measures to diversify gas supplyincrease storage and autonomy of the community market with respect to Russia within the framework of a meeting in Paris in which they will also analyze the consequences of the Russian military incursion into Ukraine and the economic repercussions of sanctions that will be imposed on Moscow.

European stocks try to recover this Friday

At the business level, this Friday they presented their annual results several Ibex companies. IAG has announced that it lost 2,933 million in 2021 (58% less), Cellnex increased its losses to 351 million, and Amadeus reduced theirs to 44.7 million (-85.2%).

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In this scenario, the IBEX 35 was trading at 8,298.7 points at twelve noon. At the head of the promotions were Endesa (+5.76%), Acciona (+5.57%), Solaria (4.92%), Naturgy (+4.53%), Iberdrola (+4.39%) , Arcelormittal (+3.91%), Red Eléctrica (3.6%), Merlin (+3.13%) and Acerinox (+3%).

Conversely, I know placed in ‘red’ IAG (-1.58%), BBVA (-0.68%), CaixaBank (-0.34%), Inditex (-0.3%), Amadeus (-0.24%), Bankinter (-0.16%), DHW (-0.09%) and Santander (-0.05%).

The rest of the main european bags also try to recover this Friday and present rises of 1.96% in Londonof 1.34% in Parisof 1.14% in frankfurt and 1.23% in Milan.

The barrel of Brent crude stood at a price of 98.61 dollars after falling 0.47%, while the West Texas fell to 92.51 dollars, with a fall of 0.31%.

Lastly, the price of the euro against the dollar was placed in $1.1172while the Spanish risk premium stood at 102 basis pointswith the interest required on the ten-year bond at 1.149%.

Southeast Asian markets close with profits

The Stock markets in Southeast Asia have closed their sessions this Thursday with gains and they have recovered from the general fall of the day before due to the impact of the invasion of Ukraine by Russia, as reported by EFE.

In line with the rest of the international markets, and encouraged by the positive closing the day before on Wall Street, all markets in the region have closed with clear profits and, in the case of Bangkok and Kuala Lumpur, they have recovered what was lost on Thursday.

The Manila parquet did not operate today as it is a public holiday in the Philippines. On Singapore, the city-state stock market rose 18.41 points, 0.56%, and the Straits Times composite indicator stood at 3,294.47 units. On Indonesiathe Jakarta market has gained 70.35 points, 1.03%, and the JCI index has finished with 6,888.17 units.

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The bag of Kuala Lumpuron Malaysia, has risen 17.35 points, 1.13%, and the selective KLCI has ended the day with 1573.89 units. On Thailandthe Bangkok Stock Exchange has added 17.18 units, 1.03%, and the SET indicator has stood at 1,679.90 points.

Finally, in Vietnamthe VN index of the Ho Chi Minh Stock Exchange (formerly Saigon) closed at 1,498.89 points after gaining 4.04 units, 0.27%.

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George Holan

George Holan is chief editor at Plainsmen Post and has articles published in many notable publications in the last decade.

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