European stocks rise as Russia-Ukraine conflict escalates

Investing.com -- European equity markets opened higher on Friday, with investors closely monitoring the intensifying conflict between Russia and Ukraine.On Thursday, Russian President Vladimir Putin reacted to the U.S. and U.K.'s decision to enable Kyiv to target Russian territory with Western weaponry by launching a hypersonic ballistic missile at the Ukrainian city of Dnipro.

The country’s gross domestic product grew by 0.1% compared to the previous quarter, a slight downward revision from the earlier estimate of 0.2% growth. Exports also weakened, with goods and services seeing a 1.9% decline from the second quarter. The statistics office said that exports of goods, in particular, fell sharply, registering a 2.4% decrease.had risen 0.8% to $74.81 per barrel, while West Texas Intermediate crude oil had increased 0.9% to $70.70 per barrel.

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European markets set to open lower ahead of European growth data, more earningsEuropean markets are heading for a negative open Wednesday, as investors await the latest growth data from the region and another batch of earnings.
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