Video: Ukrainian offensive gives tailwind to Europe’s stock markets

STORY: The recovery of the German stock market continues. The Dax rose by 0.7 percent to 13,178 points when it opened on Monday and expanded its gains on Monday morning. It is important that the Frankfurt stock exchange barometer closed above the important mark of 13,000 points on Friday, it said in Frankfurt. This outshines all risks and stress factors. European investors were encouraged by the recapture of Russian-held territory by Ukrainian forces. Robert Halver from Baader Bank: “The electricity and gas prices are falling. They are still high in absolute terms, but they are falling. There are good prospects that the nuclear power plants in France will be able to run again in the autumn, and that they will be able to run at maximum again. That the German More coal can be transported along rivers in order to be able to generate electricity from coal. And you have to say that too: Putin has now set gas supplies to zero. He can’t go below zero. That means his trump card is slowly becoming brittle.” The situation between Russia and Ukraine gives the market a small glimmer of hope that there might be a solution that will somewhat lessen the intensity of the energy shock, experts said. Bad news came on the subject of the economy: the Ifo Institute presented its updated forecast on Monday. In view of the gas crisis and high inflation, the growth prospects for the German economy have clouded over.

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