Markets are continuing the cycle of ups and downs they have been through for weeks, and now Russia’s attacks on Ukraine have amplified. After losses incurred by major European stock markets on Thursday, stock markets opened on Friday with a strong recovery after the announcements of sanctions against Russia by the President of the United States, Joe Biden, and the European Commission. Frankfurt leads 1.3%; Paris 0.8% and London 0.8%. The European benchmark, Eurostoxx, advanced 0.8%. The Ibex 35 index started with a 0.6% bounce, which is still not enough to remove Spanish selectivity from the zone of annual bottoms that entered on Thursday. However, these increases were immediately pared back due to the uncertainty prevailing at the moment.
On Friday, the markets are witnessing the effect of the clouds with respect to Wall Street, which after the speech of the President of the United States, Joe Biden, turned from red to green. The Dow Jones closed 0.28% higher, while the Nasdaq Technology Index advanced 3.34%. For now, futures are pointing to the fact that the North American stock markets could start with losses today, although the high volatility in the markets means they could go in any direction.
by Louis Pellicer
Photo: Frankfurt Stock Exchange, which closed Thursday with heavy losses. (Getty Images)
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