2/22, 8:04 AM (Source: TeleTrader)
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Europe sinks premarket as Ukraine crisis deepens

Equities in Europe traded deep in red during Tuesday's premarket after Moscow officially recognized the Donetsk and Lugansk People's Republics and Russian President Vladimir Putin sent "peacekeeping" troops to Donbas.

Additionally, HSBC Holdings plc announced on Tuesday that its total revenues for the fourth quarter of 2021 reached $12.6 billion, more than triple the amount for the same period of 2020.

The DAX traded 2.19% lower at 8:00 am CET. At the same time, the FTSE 100 declined by 0.93% and the CAC 40 dropped by 1.32%. The euro lost 0.10% at 8:01 am CET to sell for $1.13033, respectively. At the same time, the pound sterling declined 0.11% against the greenback to go for $1.35871.

Baha Breaking News (BBN) / SP