P139 AERTEL 1 139 Wed 23 Feb 08:41:10 1/3 MARKETS REACT TO UKRAINE CRISIS 22 Feb 2022 18:51 European shares have ended flat as gains in auto and travel shares were offset by geopolitical risks, with some Western countries imposing sanctions on Russia after it ordered troops into two breakaway regions of eastern Ukraine. The pan-European STOXX 600 index was flat, with automakers, travel stocks and technology shares the top gaining sub-indexes, while retailers and financial stocks were among the biggest losers. AERTEL ONLINE - RTE.IE/AERTEL Next ISEQ Dublin Stocks Business
P139 AERTEL 1 139 Wed 23 Feb 08:41:31 2/3 MARKETS REACT TO UKRAINE CRISIS 22 Feb 2022 18:51 Germany put a new Russian gas pipeline on ice and Britain hit Russian banks with sanctions as the West responded to Moscow's recognition of two separatist regions in Ukraine and a speech by President Vladimir Putin suggesting more belligerent aims. Germany's DAX fell the most among major European indexes, as it is seen as more vulnerable due to the country's heavy reliance on Russian gas supplies. In Dublin, the ISEQ was also 0.3% lower. AERTEL ONLINE - RTE.IE/AERTEL Next ISEQ Dublin Stocks Business
P139 AERTEL 1 139 Wed 23 Feb 08:41:51 3/3 MARKETS REACT TO UKRAINE CRISIS 22 Feb 2022 18:51 Oil stocks slipped 0.1%, despite a jump in crude prices to their highest since 2014, as investors feared stronger commodity prices would stoke more inflation. "The implication for Europe would be mainly via gas and oil prices, but it is within Russia's interest to make sure that the disruption isn't too great. That's behind the muted market reaction for now," said Seema Shah, global chief strategist at Principal Global Investors. AERTEL ONLINE - RTE.IE/AERTEL Next ISEQ Dublin Stocks Business