European stocks slip as Russian market closed for second day

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European stocks declined on Tuesday with attention still trained on the isolation of Russia from global financial markets after its invasion of Ukraine.

The Stoxx Europe 600 XX:SXXP, which ended just 0.1% lower on Monday despite heavier losses early in the day, declined 0.4%.The Stoxx Europe 600 SXXP , which ended just 0.1% lower on Monday despite heavier losses early in the day, declined 0.4%.

Heavy fighting continued in Ukraine, with the country’s second-largest city Kharkiv bombarded. The Central Bank of Russia kept the local stock market closed for a second day after the U.S. barred transactions with it. The central bank on Monday lifted interest rates to 20% from 9.5%. Traders also eyed the latest set of corporate results. HelloFresh HFG , the mealkit preparation company, dropped 8% after missing forecasts on adjusted earnings before interest, tax, depreciation and amortization.

 

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