European stocks fell sharply again on Tuesday (1st), amid growing concerns over the state of the world economy after the Russian attack on Ukraine and the sanctions imposed on Moscow.
At around 6:25 am ET, the main DAX index on the Frankfurt Stock Exchange was down 2.03%, while the Paris CAC was down 1.77%. The Milan index fell by 1.41%, and the London index by 0.36%.
Asian stocks, in turn, closed higher. Tokyo rose 1.20%, Hong Kong 0.21% and Shanghai 0.77%.
“European indices remain under pressure from the war,” commented SwissQuote analyst Ipek Ozkardeskaya.
This Monday (28), European markets ended in the red: Paris and Milan lost, 1.39% each, Frankfurt, 0.73%, and London, 0.42%. In Madrid, the fall was lighter, at 0.09%.
The New York Stock Exchange, which opened lower, ended up mixed considering the impact of the West’s severe financial sanctions on Russia. The US stock index S&P 500 tumbled 0.24% on Monday, while the Dow Jones Industrial Average fell 0.49%, as investors sought to reduce the risk caused by the start of the financial war in the West. against Russia. The Nasdaq index, of technology companies, closed up 0.41%.
In the second, the Russian central bank more than doubled its interest rate to 20% after the ruble price plummeted because of economic sanctions. The Russian Stock Exchange was closed amid fears of a mass sale of shares.
The trading session of the Brazilian Stock Exchange will only return on Wednesday (2), at 1 pm, due to Carnival.
Economic sanctions on Russia and market reactions
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