Major European exchanges close disparate

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The main European stock markets closed disparately on Thursday, prudent in the absence of progress in the Moscow-Kiev negotiations due to the conflict in Ukraine, which may have an even greater impact on the world economy.

The FTSE 100 index on the London stock exchange closed up 1.2%, while the Paris CAC40 closed more cautiously at 0.36%. In Madrid, the IBEX35 rose by 0.38%.

On the other hand, the DAX index on the Frankfurt stock exchange fell by 0.36% and the FTSE MIB in Milan by 0.66%.

As markets expected a compromise between Russia and Ukraine on Wednesday, “the tone rose between the United States and Russia,” commented Andreas Lipkow, an analyst at Comdirect. This causes a lot of nervousness and tension in market players, he analyzed.

US President Joe Biden said Wednesday that his Russian counterpart, Vladimir Putin, was a “war criminal.” “Unacceptable” and “unforgivable” statements, according to the Kremlin.

The situation also led to a rise in oil prices. Around 17h25 GMT, the North Sea barrel of Brent, a benchmark in Europe, rose by more than 8%. US WTI rose by more than 7%.

bur-sag/mis

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