Shell a lone bright spot as European stocks tumble, energy prices soar on Russia-Ukraine tensions

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Rattled by fresh tensions on the Russia-Ukraine front, European stocks tracked global equity losses.

European stocks tumbled Tuesday, in step with a global selloff as Ukraine-Russia tensions ratcheted up, driving up energy prices and the stocks of related companies, such as Shell and BP.

Hopes for a diplomatic solution were fading and fears of a Ukraine invasion rising after Russian President Vladimir Putin on Monday ordered troops into separatist regions of that country and said he would recognize their independence. Hurting even worse was the German DAX DAX , down nearly 2%, due to the country’s heavy dependence on Russian gas. The French CAC 40 PX1 was off 1.4% and the FTSE 100 UKX fell close to 1%.

 

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

 /  🏆 3. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

European Stocks Set to Climb as Hopes of Russia-Ukraine Solution EmergeEuropean markets are set to climb on Monday as hopes emerged for a diplomatic solution to Russia-Ukraine tensions. Is there hope?
Source: NBCDFW - 🏆 288. / 63 Read more »