Market Pulse - Europe
Europe close: Stocks blind sided by ECB, even as Russia-Ukraine talks stall
European shares gave back a large part of the prior session's rally as talks between Ukraine and Russia foreign ministers failed to make any progress and after the European Central Bank surprised investors by announcing a quicker tapering of its quantitative easing in response to inflation.
JP Morgan says 'stay bullish' on European oil and gas, keeps Shell as 'top pick'
Analysts at JP Morgan told clients to "stay bullish" on European Big Oil, arguing that valuations were attractive and the Oil&Gas upcycle would trump companies' exposure to Russia and or periphery risks such as Kazhakstan.
Europe close: Stocks extend rally after peace talks confirmed
European shares extended their rally on Wednesday after it was confirmed that Turkey will host peace talks between Ukraine and Russia, with gold miner Polymetal soaring by more than 69%.
Sector movers: Cyclicals rally as investors spy possible ray of hope
Stocks snapped higher as investors spied a possible ray of hope amid the grim tragedy that is the war in Ukraine.
Credit Suisse says impact of Ukraine war is underestimated, recommends clients 'get more defensive'
Strategists at Credit Suisse believed that the multiple negative feedback loops created by the war in Ukraine had been underestimated, especially as regarded the hit to economic growth in Russia and Europe.
Citi bullish on ITM Power, Nel and Ceres Power on EU drive for energy security
Analysts at Citi sounded a bullish note on shares of ITM Power in the wake of the European Union's just announced plans to make the bloc independent from Russian gas "well before 2030" with 'green hydrogen' given a central role.
Pentagon pushes back on Polish proposal to deliver MIG 29s to Ukraine via Germany
The Pentagon pushed back on a Polish proposal to transfer MIG-29 fighter jets to Poland via Germany.
Shares slide at Tullow as annual results disappoint
Shares in Tullow Oil fell sharply on Wednesday after its full-year results disappointed, despite soaring energy prices.
Sector movers: Oil and Gas shares top leaderboard again
Oil and Gas shares topped the leaderboard again on Tuesday as Washington and London announced bans on the importation of Russian oil.
Biden may be set to announce a ban on imports of Russian oil
There was growing speculation that the Biden administration would announce a ban on imports of Russian crude oil as soon as Tuesday.
Europe close: Stocks end lower after session of whipsaw trading, energy price surge
Stocks displayed very high volatility at the start of the week on the back of headlines of a possible ban on purchases of Russian energy by the US and Europe that triggered a spike in oil futures and a drop in the German Dax to 16-month lows.
London close: Stocks slide amid grim headlines coming out of Ukraine
London stocks had tumbled on Friday after news that Russia had seized a nuclear power plant in Ukraine after shelling it overnight.
Russia ready to hold further talks with Ukraine
Russian officials said that they were ready to hold further talks with Ukraine but that it remained to be seen if Ukrainian officials would show up.
Euro area CPI jumps past forecasts again in February
The cost of living in the Eurozone accelerated more sharply than expected last month amid the ongoing surge in energy prices.
Centrica to exit gas supply agreements with Russian counterparts, including Gazprom
UK energy outfit Centrica announced that it would exit its gas supply agreements with its Russian counterparts, mainly gas giant Gazprom.
Eurozone manufacturing maintains momentum in February
Europe’s manufacturing sector maintained its momentum in February, according to fresh data on Tuesday, with fewer supplier delivery delays and growth in both output and new orders.
Visa, Mastercard block sanctioned Russian banks from network
US-based payment card companies have cut off a number of Russian banks and financial institutions in response to sanctions imposed on the country by Washington.
TotalEnergies pulls capital from new projects in Russia
Petroleum giant TotalEnergies condemned Moscow's military aggression against Ukraine on Tuesday, stating the move had "tragic consequences" for the nation's population and also threatened Europe as a whole and had forced it to pull capital from new projects in Russia.