European equities rose with US futures on Wednesday as investors assessed limited initial Western sanctions against Russia amid the Ukraine stand-off.
The Stoxx 600 Europe Index and S&P 500 futures both added around 0.8 per cent, while contracts on the Nasdaq 100 gained more than 1 per cent. The mood was brighter than Tuesday, when the S&P 500 fell into a technical correction after sliding 10 per cent from a January peak.
US President Joe Biden said Russia had started to invade Ukraine and announced steps targeting Russia’s sale of sovereign debt abroad, its elites, and a pair of banks. The sanctions