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European stocks slip, oil passes $110, as Ukraine crisis continues

European stock indexes were in their second day of falls, with the STOXX 600 down 0.7% at 0857 GMT, while Germany's DAX was down 1.2% on the day

Experts further said that retail investors should be clear on whether they are taking short-term positions based on the sentiment or investing for the long term.

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Reuters London

3 min read Last Updated : Mar 02 2022 | 3:26 PM IST

Stocks came under renewed pressure and oil spiked further on Wednesday, as Russia showed no signs of stopping its assault on Ukraine.

A week after Russian President Vladimir Putin ordered a full-scale invasion of its neighbour, the bombardments of Ukrainian cities continued while Western nations tightened sanctions on Moscow.

U.S. President Joe Biden banned Russian planes from U.S. air space, warning Putin had "no idea what's coming." European stock indexes were in their second day of falls, with the STOXX 600 down 0.7% at 0857 GMT, while Germany's DAX was down 1.2% on the day.

European banking shares slid further after the European

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Topics : European Markets Russia Ukraine Conflict Oil prices jump Russia global stock market Europe economy

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