Europe opens mixed amid more Ukraine fights, data

Monday, 21. March 2022 09:01

Major stock markets in Europe were mostly flat on Monday's open after the United Kingdom Defence Ministry stated the Russian troops were stalled 25 kilometers from the center of Kiev, adding that heavy fighting still continued in the Northern part of the city. Earlier, Ukraine announced its refusal of Moscow's proposition to open a humanitarian corridor from Mariupol, as this would mean surrendering the city to the Russian forces.

On the economic front, producer prices (PP) in Germany increased 1.4% month-over-month in February, with the German PP jumping 25.9% year-on-year, particularly due to the skyrocketing energy prices, the country's statistical office announced today.

The DAX opened 0.19 % or 21 points lower, dragged down by Delivery Hero SE's 3.83% drop at 9:10 am CET, while the FTSE 100 went up by 0.01%, with Polymetal International PLC jumping 23% at 9: 10 CET. Furthermore, the CAC 40 declined by 0.13%, with its worst performer, Worldline SA, falling 1.86% at the same time. The euro inched 0.01% lower to the dollar at 8:58 pm CET, selling for $1.10505. At the same time, the pound sterling declined by 0.21% to go for $1.31509.

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