European stocks flat as Russia-Ukraine jitters keep investors on edge

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European stocks flat as Russia-Ukraine jitters keep investors on edge via IrishTimesBiz

gained 4.2 per cent as its annual profit beat estimates., the largest foreign investor in Russia, fell 0.5 per cent after Germany halted the Nord Stream 2 Baltic Sea gas pipeline project, designed to double the flow of Russian gas direct to Germany.gained 0.5 per cent as oil prices rallied on fears of a supply disruption as Europe’s eastern flank stood on the brink of war.fell 15.6 per cent after reporting a drop in half-year profit, hurt by lower interest rates and easing market volatility.

Euro zone banks fell 0.7 per cent as investors scaled back their expectations for an ECB rate rise in 2022, pricing in an around 95 per cent chance of a 0.1 percentage point hike in July and of 0.4 points in hikes by the year-end.

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