Market: red dominates with geopolitical tensions


(CercleFinance.com) – The European stock markets lost ground this Friday (-0.3% in London, -0.9% in Paris and Frankfurt), in a geopolitical context that is still worrying for investors with the stalemate in the conflict Russian-Ukrainian.

‘Joe Biden has warned China that he would not hesitate to take sanctions against him in the event of a favorable attitude to Russia and asks his counterpart Xi Jinping to choose his side…’, underlines Kiplink Finance.

‘Furthermore, the negotiations between Russia and Ukraine have so far come to nothing. Contrary to recent speculation, the belligerents seem far from concluding a truce, ”adds the management company.

‘In this context, the session of the four witches as well as the approach of the weekend and a closing of the markets for 48 hours, with all the uncertainty that it brings, should not encourage risk taking on the actions…’, she concludes.

On the front of the statistics of the day, it should be noted that the trade deficit of the euro zone was reduced to -7.7 billion euros in January, against -9.7 billion the previous month, with increases of 3, 4% of exports and 2.3% of imports.

In the news of values, Enel gains more than 1% in Milan, after the publication by the energy group, for 2021, of a net result up 22% to 3.19 billion euros and a total dividend up 6% to 0.38 euro per share.

Still in Milan, Pirelli sold 2% while the tire manufacturer announced a total distribution of dividends of 161 million euros to be proposed at its next general meeting, for an annual net profit of 216.6 million.

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