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European markets, investors monitor Ukraine, global growth outlook


LONDON — European stocks are expected to open higher on Wednesday as investors monitor developments in Ukraine and assess the IMF’s latest global economic forecasts.

United Kingdom’s FTSEIndex opens 10 points higher than its previous 7,618, Germany. DAX 50 points higher at 14,199, France’s CAC 40 up 20 points at 6,560 and Italy’s FTSE MIBAccording to data from IG, there was an increase of 50 points at 24.306,

The war in Ukraine continues to be a major focus for European markets. A second phase of conflict is underway in Ukraine. In this area, there has been intense fighting.

Ukraine claimed Monday that Russia had launched its offensive in eastern Donbas, with top officials describing the operation as the “second stage” of war. According to the regional governor, the Russians captured Kreminna, the eastern capital of Ukraine, on Tuesday. This was the first time that this stage of war had seen the capture of a city.

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Investors continue to digest the latest grim global economic forecasts by the International Monetary Fund, and World Bank.

The Tuesday news is that the IMF cut its global growth projections for 2022 and 2023, saying the economic impact from Russia’s invasion of Ukraine will “propagate far and wide.” The World Bank’s global growth projection for 2022 was lowered by almost a whole percentage point on Monday (from 4.1% to 3.2%) due to the impact that Russia’s invasion in Ukraine is having on the world economy.

Data released include February’s industrial production in the eurozone and March’s new car registrations. These data are from a variety of European countries like France, Germany, Britain and France.

You can earn from earning HeinekenAnd ASMLOn Wednesday Rio TintoPublication of a quarterly operations overview for the first quarter.

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