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2/24, 9:06 AM (Source: TeleTrader)
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DAX falls 4% at open after Russia advances on Ukraine

Major stock exchanges in Europe opened the Thursday session with significant losses after Russia revealed the start of military action in Ukraine, after which several Western powers vowed to take punitive measures against Moscow again. Moves made by Russia and the West sent gold and oil up but caused the ruble to drop to record lows against the dollar.

The DAX contracted by 4.35% at 9:05 am CET as Delivery Hero fell by 7.18% and led the losses at 9:07 am CET. London's FTSE 100 was 2.52% lower at 9:00 am CET with St. James's Place, its worst performer, decreasing 5.88% at 9:04 am CET. The CAC 40 declined 4.25% at 9:04 am as Renault lost 9.91% concurrently.

The euro was down 0.55% against the dollar, selling for 1.12426 at 8:59 am CET. The British pound decreased by 0.50% in comparison to the greenback, going for 1.34766 at the same time.

Baha Breaking News (BBN) / MS