https://sputnikglobe.com/20250213/money-talks-european-stocks-surge-as-putin-and-trump-spark-hopes-for-ukraine-peace-1121566681.html
Money Talks: European Stocks Surge as Putin and Trump Spark Hopes for Ukraine Peace
Money Talks: European Stocks Surge as Putin and Trump Spark Hopes for Ukraine Peace
Sputnik International
While the EU’s political class loses its collective minds in the wake of the Putin-Trump phone call, those seeking to rebuild the region’s shattered economies are apparently cautiously optimistic.
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The indexes of the EU big two – Germany’s GDAXI and France’s FCHI, rose by 1.7% and 1.4%, respectively. The European STOXX 600 jumped .8%+.Even the euro, recently pummeled by Trump’s tariff threats, saw a mild rebound against the dollar, (0.1%).Meanwhile, oil and natural gas, key inputs for Europe’s energy-starved economy, tumbled, with natural gas benchmark TTF dropping 9% and Brent crude shedding 1.1%.Analysts from Societe Generale, BNP Paribas and Barclays told the Financial Times the gains were linked directly to “optimism” over Ukraine, and presumably, hopes of Russia’s return to the European energy market.Europe committed what President Putin characterized as economic “suicide” in 2022 after rejecting Russian energy, triggering recessions and what some European manufacturers have dubbed the worst deindustrialization crisis since WWII.
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how will peace in ukraine affect europe, will europe benefit from peace in ukraine, who will benefit from peace in ukraine
Money Talks: European Stocks Surge as Putin and Trump Spark Hopes for Ukraine Peace
While the EU’s political class loses its collective minds in the wake of the Putin-Trump phone call, those seeking to rebuild the region’s shattered economies are apparently cautiously optimistic.
The indexes of the EU big two – Germany’s
GDAXI and France’s
FCHI, rose by 1.7% and 1.4%, respectively. The European
STOXX 600 jumped .8%+.
Even the euro, recently pummeled by Trump’s tariff threats, saw a mild rebound against the dollar, (0.1%).
Meanwhile, oil and natural gas, key inputs for Europe’s energy-starved economy, tumbled, with natural gas benchmark TTF dropping 9% and Brent crude shedding 1.1%.
Automakers, steel, chemical companies, other industries and airlines also enjoyed a bump – 3.6% for Stellantis, 2.6% for ArcelorMittal, 3.6% for BASF, 6.4% for Legrand and 3.6% for Lufthansa.
Analysts from Societe Generale, BNP Paribas and Barclays
told the Financial Times the gains were linked directly to “optimism” over Ukraine, and presumably, hopes of Russia’s return to the European energy market.
Europe committed what President Putin characterized as
economic “suicide” in 2022 after rejecting Russian energy, triggering recessions and what some European manufacturers have
dubbed the worst deindustrialization crisis since WWII.
3 September 2024, 04:38 GMT
