European stock market showing signs of recovery

European stock market showing signs of recovery

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On Monday, the major stock indexes rose after the biggest weekly drop since January on positive news on the corporate front and, contrary to the global trend to reduce the markets due to concerns about the situation in Ukraine .

On Monday, the major stock indexes rose after the biggest weekly drop since January on positive news on the corporate front and, contrary to the global trend to reduce the markets due to concerns about the situation in Ukraine .

Thus , the geopolitical situation in the Crimea still plays a big role in shaping the investment market sentiment . In Crimea, about 93 % of voters opted for separation from Ukraine. In this case , it is worth noting that the Ukrainian authorities , the U.S. and several EU countries said they did not believe the Crimean referendum legitimate , while in the Russian side , it complies with international law. European leaders may introduce sanctions against Russia , it will be discussed 28 EU leaders at a meeting to be held this week.

Under these conditions, the pan-European Stoxx Europe 600 Index showed an increase of 0.7%. Last week, the index fell by 3.3% , as investors waited for a referendum in the Crimea.

Relative to individual stocks, it is worth emphasizing the following . Societe Generale shares rose 1.2 %, as the French bank announced the sale of its Asian business in the sphere of banking wealthy clients Singapore DBS Bank Ltd. for 220 million dollars.

Cost of Vodafone Group Plc rose 1.1% on news of buying the British company of the Spanish cable operator Ono SA for 7.2 billion euros.

Cost RWE rose 2.3% after it became known that the German energy company agreed in principle to sell its oil and gas business of L1 Energy for 5.1 billion euros.

Price Allianz SE rose 1.6% , as the company announced its readiness to buy a business in the insurance property and casualty UnipolSai SpA for about 440 million euros.
Analysts of TeleTrade believe that the European stock market is starting to show signs of growth , which may persist in the future.

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