S&P downgrades Russia. The IEA calls for oil savings. Brent over $107 – The markets in a minute

European stocks in the red, with the exception of Amsterdam and Milan. The automotive sector to weigh

The main European stock markets are trading in the red at this stage of the session, attentive to the evolution of the conflict in Ukraine.

However, this trend is not generalized since some indices, such as Amsterdam or Milan, are in positive territory, albeit with very slight gains.

The Stoxx 600 is down 0.1% at 450.04 points, with most sectors trading in negative territory. Still, on weekly counts, the index of Europe’s largest listed companies is on course for what could be the biggest weekly gain since November 2020.

So far in the session, the Stoxx 600 is up 4.49% for the week, the biggest weekly gain since 5.13% for the week ending November 13, 2020.

Among the sectors, autos is the biggest weight, down 1.26% at this point in the session, followed by the 0.45% drop in oil and gas. Among the gains, the rise of 0.86% in the retail trade sector and that of 0.58% in the basic resources sector stand out.

The PSI-20 fell 0.25%, the Spanish IBEX 0.08%, while the German DAX fell 0.53%. The French CAC 40 is down 0.56%, while the FTSE is down 0.17%. Amsterdam advanced 0.03% and Milan rose 0.2%.

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