August 8, 2022

Dubai Week

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Global stock markets are recovering after Russia’s occupation of Ukraine



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Posted: Friday, February 25, 2022 – 10:58 PM | Last Updated: Friday, February 25, 2022 – 10:58 PM

Hopes of peace talks between Russia and Ukraine spurred markets that recovered over the weekend after the initial shock of Russia’s invasion of its neighbor.

Across Europe, indicators are moving towards recovery. The key Euro-Stoxx 50 index in the euro zone rose 3.69 percent to 3970.69 points. Profits were similarly high in France and Britain.

Japanese stocks traded higher, ending a five-session losing streak, with the Nikkei 225 index up 1.95 percent to close at 26,476.50.

The “S&P / ASX 200” index rose 0.10% to 699.780 points, after which the Australian stock market gained slightly to regain losses from the previous session.

The FTSE 100 index on the London Stock Exchange rose 3.9 percent to close at 7,489.46 points after recovering from all its losses following Russia’s invasion of Ukraine in Thursday’s session.

According to the British “PA Media” news agency, the biggest one-day profit since November 2020 came on the same day that the US pharmaceutical company Pfizer announced the development of a successful vaccine against Govit-19.

In the US, the Dow Jones Industrial Average rose about 2% at the end of the European trading session.

Oil also fell below $ 100 a barrel, down 2.4 percent, to $ 96.72 a barrel.

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