Optimism returned for Monday, with U.S. futures also gaining as investors welcomed news of a potential meeting this week between President Joe Biden and...
European stocks fell Monday, as investors clung to hopes that diplomacy will prevali over an increasingly tense Russia-Ukraine crisis. Technology stocks led the downside on the heels of sharp losses for that sector in the U.S. on Friday.
The Stoxx Europe index SXXP dropped 0.6% to 457, after a near 1.9% drop last week, which was the biggest weekly fall since late January. The German DAX DAX was down 0.5%, while the FTSE 100 index UKX slipped 0.1% and the French CAC 40 PX1 fell 1%. The office of French President Emmanuel Macron said late Sunday that a meeting between the two leaders had been agreed “in principle,” provided Russia does not invade Ukraine.
“The tentative summit between Russia’s Vladimir Putin and the US’s Joe Biden might be one of the last chances for peace. At stake is the defense cooperation between Ukraine and Western countries and other security measures sought by Russia,” said Sebastian Galy, senior macro strategist at Nordea Asset Management.
Shares of Credit Suisse CS fell 1.2% after media reports emerged citing leaked information on more than 18,000 accounts managed by the bank that had allegedly been involved in human rights abuses, corruption and drug trafficking. Shares of BE Semiconductors BESI BESVF slumped 6% following the semiconductor assembly equipment’s results late Friday, which showed falling revenue and orders amid supply chain problems. The company proposed a 95.9% hike in its dividend for 2022 compared with 2020, of €3.33 per share.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. stock futures fall, oil prices jump as U.S. says Russia has decided to invade UkraineU.S stock-index futures fell Sunday, amid even more urgent warnings from U.S. officials that a Russian invasion of Ukraine could come soon.
Read more »
Stock futures reverse early losses after Biden, Putin agree 'in principle' to summitU.S. stock futures shot higher after French President Emmanuel Macron’s office said Biden and Putin have agreed 'in principle' to a summit -- but only if Russia doesn't invade Ukraine.
Read more »
European Stocks Set to Climb as Hopes of Russia-Ukraine Solution EmergeEuropean markets are set to climb on Monday as hopes emerged for a diplomatic solution to Russia-Ukraine tensions.
Read more »
Biden, Putin agree to meet in France-brokered summit over UkraineUS President Biden agrees to meet Russia's President Putin in France-brokered summit as long as Russia holds off on what Washington believes is an imminent assault on Ukraine
Read more »
After getting waterfront ballpark milestone, A’s messaging to Bay Area, Las Vegas differCertification a “milestone” — but was it “significant” or “necessary, but not sufficient” for A’s?
Read more »