said in a weekly report, with investors pulling out $13.5 billion from European stocks as the war forced them to seek shelter in safe-haven assets such as gold and cash.
Among individual stocks, Tod’s gained 7.6 per cent as the Italian fashion group expressed optimism for 2022, while EssilorLuxottica added 2.9 per cent after the luxury eyewear group reported its best quarter of 2021. Germany’s largest power producer RWE fell 1.8 per cent after municipal investors dismissed calls for a spin-off of its brown coal division.US stocks fell in a choppy trading as risk sentiment waned after Ukraine’s top diplomat said he doesn’t see the progress in Russian-Ukrainian talks.
The S&P 500 dropped to lows of the day after the comments by Ukrainian foreign minister Dmytro Kuleba. Earlier IFX cited Russian president Vladimir Putin as underscoring daily efforts to resolve tensions. The tech-heavy Nasdaq 100 dropped the most among major benchmarks, while the dollar’s rose highs of the day amid a pickup in haven demand.
DocuSign plunged 18 per cent in early New York trading after the electronic-signature company forecast revenue for the first quarter that fell short of the average analyst estimate. – Additional reporting: Reuters,