European stocks rebound, oil slides on easing Ukraine fears

  • 📰 eNCA
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

European stock markets rebounded and oil prices tumbled on Tuesday on hopes that Ukraine and Russia would avoid a full-blown conflict.

Russia has pulled back some of its forces near the Ukrainian border, seen as a de-escalation in Moscow's crisis with the West."First signs that Russia may be pulling back from the brink of war is being greeted with a tentative sigh of relief by investors, with some sectors making small strides of recovery," noted Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown.In the eurozone, Frankfurt rose 1.8 percent and Paris gained 1.7 percent.

Oil prices, which have shot to seven-year highs on the Ukraine crisis, tumbled more than three percent in value Tuesday. "There is a certain relief in the Ukraine-Russia crisis as the two sides seem willing to continue their diplomatic efforts to avoid a military action," noted Swissquote senior analyst Ipek Ozkardeskaya.

"The geopolitical risks still remain elevated as Russian troops remain at the Ukrainian border, but the risk of military conflict happening this week appears to have eased," said Edward Moya, analyst at Oanda trading group.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I know we all probably must have heard about Bitcoin but don't know how it works, I tried it in a week ago by a woman who recommended me to with AmelieBtc1 on Twitter she guides me through and i made a return of $10500 after a week of trading, connect with her AmelieBtc1

A great platform that can make everybody smile, for my first time hearing about making money online, I thought is fake buy when I try it I realise that is real so I won’t keep silent I need everyone to smile like me TreytonAdam

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 49. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MONEY LIVE | Oil hits 7-year highs as market fears Russian attack on Ukraine imminent | Fin24MONEY LIVE | Oil hits 7-year highs as market fears Russian attack on Ukraine imminent - Few month ago I was struggling to fend for my self and my kids ,at my last bus stop I decided to give Bitcoin trading a try ,through the help of _ambreymarcus1 I was able to earn R250,000 in 2 weeks thank you so much Mr _ambreymarcus1 .
Source: Fin24 - 🏆 21. / 63 Read more »

Asian stocks skid as oil hits seven-year high over fears of Russian invasionUS says Moscow might create a surprise pretext for an attack, as it reaffirmed a pledge to defend Nato territory
Source: BDliveSA - 🏆 12. / 63 Read more »