LONDON – European stocks are expected to open higher on Wednesday as investors continue to follow the latest developments in the Russian-Ukrainian crisis.
Great Britain FTSE the index opens 5 points higher at 7499, German DAX 82 points higher, 14,743, in France CAC 40 increased by 27 points to 6804 and in Italy FTSE MIB increased by 122 points to 26,131, according to the IG.
World markets this week were shocked by events in Europe after Russian President Vladimir Putin ordered the deployment of troops in two separatist regions of eastern Ukraine. The move came after he announced Monday night that he recognizes their independence.
The EU and the UK announced sanctions against Russia earlier on Tuesday, and the US later that day announced the first tranche of sanctions against the country targeting Russian banks, the country’s sovereign debt and three others.
Futures on the US stock market were slightly higher in trading on Tuesday after the S&P 500 closed in correction territory amid escalating tensions between Russia and Ukraine.
However, analysts say the prospect of raising the Federal Reserve rate after March may become less clear if Russia continues its invasion of Ukraine. U.S. Treasury yields have fallen as tensions between Ukraine and Russia have risen, and yields on the benchmark 10-year U.S. Treasury have fallen below 2% as investors seek secure assets.
Revenues from Barclays, Wolters Kluwer, Rio Tinto, Uniper, Danone, Henkel and Aston Martin Lagonda. The data include the latest GfK consumer sentiment index from Germany.
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– Pip Stevens of CNBC contributed to this market report.