Economy

Beam of optimism: Falling gas prices – Markets are timid upwards

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The apparent de-escalation in the field of politics seems to bring a de-escalation in the price of natural gas, which is around 66 euros with a fall of 6.5%.

On the other hand, it is moving upwards oilat $ 94.5 plus 1.5%.

Shortly before 11 a.m. Greek time, the price of Brent rose 1.07%, or $ 1, to $ 94.31 a barrel, at the same time that the price of crude rose by 0.92% or 0 , 86 cents, at $ 92.92 a barrel. Yesterday, Brent lost 3.3% while crude lost 3.6%.

Today’s rise brings prices back to the seven-year high found last Monday, with Brent at $ 96.78 a barrel and crude at $ 95.82 a barrel.

Moderate rise in stock markets

European stocks rallied today at the start of trading amid hopes of de-escalating tensions between Russia and Ukraine, although rising inflation limited the gains in the British blue-chips index.

The pan-European STOXX 600 index rose 0.2% at 10:10 Greek time, after jumping 1.4% in the previous session when Moscow hinted that some of its troops were returning to base from areas close to Ukraine. borders to an obvious de-escalation.

Concerns remain, however, as Kiev appears to be blaming Russia for the cyber-attack and US President Joe Biden has said his country has not confirmed reports of troop withdrawals.

The British FTSE 100 index remained unchanged as data showed that consumer prices rose at the fastest annual rate in nearly 30 years in January, boosting estimates that the Bank of England will raise interest rates for a third straight session.

Shares of travel and leisure companies were the fastest growing in Europe, up 1.1%.

Russian withdrawal from Crimea

Moscow’s announcement Tuesday (Tuesday) of a partial withdrawal of Russian troops from the Ukrainian border was met with skepticism as US President Joe Biden warned that more than 150,000 Russian troops were still near the border.

Today, however, Russia’s Defense Ministry released a video showing tanks and military vehicles leaving the Crimean peninsula after completing military exercises.

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