3/29/2022, 5:31 PM (Source: TeleTrader)
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Europe closes higher upon Ukraine talks, ECB input

Major indexes in Europe traded with gains at the close of Tuesday's session as the first day of Russia-Ukraine talks in Istanbul concluded, with Moscow agreeing to reduce military pressure in the Kiev, Chernihiv areas. Ukraine, in turn, proposed an international security deal that would ensure that no additional military clashes would arise in the region.

On the economic front, European Central Bank Executive Board member Philip Lane stated that the high inflation in the EU is mostly an imported supply shock and that most of it will subside in the foreseeable future.

The DAX climbed 2.79% at the closing bell, pushed up by Delivery Hero SE's 15.84% ascent, while the FTSE 100 surged 0.86%, with Ocado Group PLC rising 7.07%. Furthermore, the CAC 40 jumped 3.08% at the same time, with its top performer, Renault SA, increasing 11.68%. The euro gained 1.08% against the dollar to sell for $1.11036 at 5:29 pm CET while the British pound was up 0.40% compared to the greenback, going for $1.31396 at the same time.

Baha Breaking News (BBN) / SP