European markets positive ahead of Ukraine-Russia talks
LONDON — European shares are anticipated to open increased on Monday forward of additional talks between Russian and Ukrainian negotiators.
The U.Okay.’s FTSE index is seen opening 14 factors increased at 7,160, Germany’s DAX 64 factors increased at 13,721, France’s CAC 40 up 24 factors at 6,296 and Italy’s FTSE MIB up 48 factors at 22,498, in response to information from IG.
World consideration stays on the conflict in Ukraine after a weekend of intensified combating round capital Kyiv, whereas Russian forces bombarded cities throughout the nation, killing civilians who’re unable to flee. Russia additionally attacked a Ukrainian navy coaching heart close to the Polish border on Sunday, killing 35 folks and wounding 134.
Sanctions proceed to hit Russia laborious with the monetary fallout for Moscow’s invasion anticipated to return into sharper focus within the coming days forward of a scheduled sovereign bond cost.
Talks are going down once more on Monday in a bid to ascertain a strong ceasefire and discover room for any compromise between Russia and Ukraine’s calls for, though earlier discussions have led to failure.
The U.S. Federal Reserve can also be in focus this week as it’s anticipated to raise its target fed funds rate by 1 / 4 share level from zero on the finish of its two-day assembly Wednesday.
Buyers are additionally seeking to the central financial institution for its new forecasts for charges, inflation and the economic system, given the uncertainty from escalated geopolitical tensions.
U.S. stock futures rose in overnight trading whereas shares in Asia-Pacific were mixed in Monday commerce as investors monitor a Covid wave in China.
There aren’t any main earnings or information releases in Europe on Monday.
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— CNBC’s Yun Li contributed to this market report.