European shares gain on Ukraine hopes; Volkswagen surges on strong results



(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

* China-exposed miners, luxury stocks fall

* Volkswagen surges on upbeat earnings

* Prosus slumps on China tech regulation worries

By Sruthi Shankar and Shreyashi Sanyal

March 14 (Reuters) - European stocks rose on Monday, clinging to hopes of diplomatic efforts by Ukraine and Russia to end weeks-long conflict, while shares in Volkswagen surged after the German carmaker doubled its operating profit.

The pan-European STOXX 600 index .STOXX ended 1.2% higher, extending gains from Friday when Russian President Vladimir Putin signalled a positive shift in talks with Ukraine.

Russia and Ukraine gave their most upbeat assessments following weekend negotiations, even as Russia attacked a base near the Polish border and fighting raged elsewhere.

"The initial fighting in Ukraine prompted an outbreak of risk aversion in markets, but for now the situation seems to have settled down, at least for markets," said Chris Beauchamp, chief market analyst at online trading platform IG.

"Western intervention still looks highly unlikely, and for now negotiations continue ... For now it looks like bullish sentiment will revive, but there are still plenty of unknowns to deal with."

Auto stocks .SXAP climbed 3.3% to lead gains among sectors. Volkswagen AG VOWG_p.DE surged 4.4% as higher prices and a more favourable product mix boosted operating profit.

However, China-exposed miners .SXPP , which have outperformed recently, fell 2.6%, as surging COVID-19 infections in the world's top metals consumer fanned worries over economic growth prospects.

Shares of luxury brands such as LVMH LVMH.PA and Richemont CFR.S , which depend on China for a large part of their sales, also declined.

Investors waited for policy decisions from the U.S. Federal Reserve and the Bank of England later this week, with both the central banks expected to raise interest rates.

Banks .SX7P gained 3.2%, extending a rebound from one-year lows hit last week as investors ramped up expectations of rate hikes to combat soaring inflation.

Hopes of progress in peace talks sent oil prices lower. Oil has surged this month after Western sanctions against Russia over its invasion of Ukraine raised concerns about supply disruptions.

Telecom Italia TLIT.MI climbed 5.0% after it said it would start formal talks with KKR KKR.N to assess the U.S. fund's potential 10.8 billion-euro ($11.8 billion) offer for Italy's biggest phone group.

Dutch tech investor Prosus PRX.AS , which owns a stake in China's Tencent 0700.HK , tumbled 10.4%, reflecting worries over regulation.

French power utility EDF EDF.PA slipped 0.1% after it warned on its 2022 profit outlook, while shares of Italian energy group Eni ENI.MI dropped 0.4% on the company's agreement to sell a 49% stake in power generation unit Enipower to U.S. investment firm Sixth Street.


Reporting by Sruthi Shankar and Shreyashi Sanyal in Bengaluru Editing by Sriraj Kalluvila and Matthew Lewis

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。

所有缐上交易平台所發佈的資料,僅適用於教育/資訊類用途,不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議,或是交易價格紀錄,或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。

本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。

風險提示:您的資金存在風險。槓桿商品並不適合所有客戶。請詳細閱讀我們的風險聲明