Stocks rise after Ukraine panic, oil back below $100
Zee News
On Friday, missiles pounded the Ukrainian capital as Russian forces pressed their advance.
European stocks rose on Friday after Wall Street`s late rally, as investors welcomed coordinated Western sanctions on Russia that targeted its banks but not did not block it from a global payments system and left its energy sector largely untouched.
Oil prices fell back below $100 a barrel after soaring on Thursday as concerns over supply disruptions eased. [O/R]
The jump in European shares was modest, however, and Wall Street looked set to open lower. Markets remain down significantly from levels at the start of the week -- the MSCI World Index is 2.5% lower -- after investors were left stunned by Russian President Vladimir Putin`s decision to invade Ukraine.
On Friday, missiles pounded the Ukrainian capital as Russian forces pressed their advance.
By 1115 GMT, the Euro STOXX gained 1.78% higher while the FTSE 100 climbed 2.1%. Germany`s DAX increased 1.3%.
