Stocks fall and oil prices soar

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European banking shares slid further after the European arm of Russia’s Sberbank was forced to close

London — Stocks came under renewed pressure and oil spiked further on Wednesday, as Russia showed no signs of stopping its assault on Ukraine.

European stock indices were in their second day of falls, with the Stoxx 600 down 0.7% at 8.57am GMT, while Germany’s DAX was down 1.2% on the day.Russia said its forces took control of the first sizeable Ukrainian city on Wednesday, seizing Kherson, in the south, as fighting raged around the country.

The best performing ETFs were those exposed to European healthcare and utilities, he said, as well as energy-linked ETFs.

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