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WIG 20 lost over 3 percent on Monday morning. The German DAX and French CAC 40 fell by almost 5 percent, and the Italian FTSE MIB and the Spanish Ibex 35 by more than 5 percent.
The DAX has officially entered the bearish market, losing over 20 percent from the top.
Among the European stock indices, the Czech PX and Romanian BET fell the most. They fell by as much as 6 percent.
The main impetus for the panic sell-off in the markets was fears of US sanctions, which would exclude a large part of Russian oil from the global market. Fear of this scenario made Brent crude oil rise to almost USD 140 per barrel.
Fears of sanctions also led to a further collapse in the exchange rate of the Russian currency. A record 140 rubles were paid for $ 1 on Monday morning. Since the beginning of the year, the Russian currency has already lost over 40%. against the American.
On the other hand, the price of gold broke $ 2,000 per ounce and became the highest in 18 months.
https://www.parkiet.com/gielda/art358169...ach-europy
The DAX has officially entered the bearish market, losing over 20 percent from the top.
Among the European stock indices, the Czech PX and Romanian BET fell the most. They fell by as much as 6 percent.
The main impetus for the panic sell-off in the markets was fears of US sanctions, which would exclude a large part of Russian oil from the global market. Fear of this scenario made Brent crude oil rise to almost USD 140 per barrel.
Fears of sanctions also led to a further collapse in the exchange rate of the Russian currency. A record 140 rubles were paid for $ 1 on Monday morning. Since the beginning of the year, the Russian currency has already lost over 40%. against the American.
On the other hand, the price of gold broke $ 2,000 per ounce and became the highest in 18 months.
https://www.parkiet.com/gielda/art358169...ach-europy
