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3/1, 5:31 PM (Source: TeleTrader)
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Europe plunges at close amid Ukraine talks, data

Major stock exchanges in Europe ended with losses on Tuesday as Russian troops kept surging in Ukraine, with the second round of talks being scheduled to begin tomorrow. Meanwhile, the EU Commission has decided to grant Kiev €1 billion in assistance for shoring up its defense capacities and providing humanitarian assistance.

Elsewhere, the inflation in Germany has reached 5.1% according to the latest data, with prices of crude oil jumping due to the West's continual effort to isolate Moscow from the international economic system.

The DAX contracted by 3.85%, with Continental AG falling 10.01%, while London's FTSE 100 was 1.72% lower at closing time, dragged down by EVRAZ plc's 28.95% drop. Meanwhile, the CAC 40 declined by 3.94%, with its worst performer, Engie SA, descending 13.19%.

The euro was down 0.86% against the dollar, selling for 1.11135 at 5:30 am CET. The British pound decreased by 0.58% in comparison to the greenback, going for 1.33352 at the same time.

Baha Breaking News (BBN) / SP