Published: Friday, February 25, 2022 – 10:58 p.m. | Last update: Friday, February 25, 2022 – 10:58 p.m.
Hopes for peace talks between Russia and Ukraine boosted markets which rallied over the weekend after the initial shock of Russia’s invasion of its neighbour.
Across Europe, the indicators point to a recovery. The key euro zone Euro-Stoxx 50 index rose 3.69% to 3970.69 points. Profits were equally high in France and Britain.
Japanese stocks advanced, ending a five-game losing streak, with the Nikkei 225 index up 1.95% to close at 26,476.50.
The “S&P/ASX 200” index rose 0.10% to 699.780 points, after which the Australian stock market gained slightly to regain losses from the previous session.
The FTSE 100 index on the London Stock Exchange rose 3.9% to close at 7,489.46 after recovering from all losses following Russia’s invasion of Ukraine during the session of Thursday.
According to British news agency “PA Media”, the biggest one-day profit since November 2020 came on the same day that the American pharmaceutical company Pfizer announced the development of an effective vaccine against Govit-19.
In the United States, the Dow Jones Industrial Average rose about 2% at the end of the European trading session.
Oil also fell below $100 a barrel, down 2.4% to $96.72 a barrel.
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