Investors were keeping track of developments in Ukraine and the French presidential campaign on Thursday as European markets edged higher.
European stocks were higher today, with the DAX in Germany trading 0.6% higher and France’s CAC 40 rising 1%. UK’s FTSE 100 dipped slightly lower than yesterday at press time (-0.2%).
Russia’s campaign in Ukraine has taken on a new phase. The West fears that it could last for many months, but Russia is determined to succeed no matter what happens or how long the conflict lasts .
On the stock side: Nestle (+0,72%) announced that they are on track for their targets, and organic sales increased more than expected.
The Swiss food group confirmed these numbers with a peak of 1.6% rise in share prices and then retreated to 0.72%.
The stock of ABB (+4.92%), a company that specializes in engineering and manufacturing products for the energy industry had their share price rise 4.9% after it released strong numbers on orders from its first quarter this year suggesting business as usual despite uncertainty surrounding international conflicts.
The most impressive performers on the CAC 40 were Safran SA (EPA:SAF), which rose 4.11% or 32 points to trade at 109.46 by close of trading today!
Euro Stoxx 50 Most traded stocks:
- Intesa Sanpaolo +0.22% Volumes 66.88M
- Santander +0.56% Volumes 42.79M
- Enel -0.89% Volumes 23.31M
- Ing Groep +1.28% Volumes 14.95M
- Deutsche Telekom AG. +1.04% Volumes 12.34M
Euro Stoxx 50 Top Gainers:
- Safran +4.11%
- Philips +3.14%
- Vinci +3.07%
- Schneider Electronics +2.88%
- Siemens AG +2.71%
Euro Stoxx 50 Top Losers:
- Prosus -3.61%
- Eni SPA -1.60%
- Flutter Entertainment -1.41%
- ASML Holding -1.25%
- Deutsche Boerse -1.21%
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