Open Demo Account
Home / Market Update / Global Stock Market / European Shares Track Global Market Rally, Boosted by Optimism About Ukraine Summit
European Stocks

European Shares Track Global Market Rally, Boosted by Optimism About Ukraine Summit

Adel 21 February, 2022 1:37 pm Global Stock Market, Market Update

European shares rose on Monday, tracking global markets rallying with positive signs, as investors hoped for a solution to the Ukraine crisis after news that US and Russian leaders had agreed in principle to hold a summit on the issue.

The pan-European STOXX 600 index rose 0.6 percent, tracking an increase in risk appetite in the markets after French President Emmanuel Macron said on Monday that U.S. President Joe Biden and his Russian counterpart Vladimir Putin had agreed in principle on a summit on Ukraine.

European auto stocks took the lead, rising 1.3 percent after French auto parts group Forcia forecast an increase in annual sales, as it expects the semiconductor shortage to recede in the second half of 2022.

US markets are closed on Monday for a holiday.

Tags

Check Also

Oil Markets Eying Weekly Gains Following PMI Data

Crude Oil prices rebounded after a volatile Friday, driven by a surge in the US …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends