Europe hits 4-week highs amid strong gains for the mining sector

Economies.com
2022-03-21 12:49PM UTC

European stocks rose on Monday for the fourth straight session, marking four-week highs amid strong gains for the mining sector, but the market remains on edge due to the Ukrainian crisis.

 

Dow Jones Stoxx Europe 600 rose 0.2% as of 10:10 GMT, hitting February 23 highs, after closing up 0.9% on Friday.

 

Dow Jones rose 5.5% last week, the second weekly profit in a row, and the largest since November 2020.

 

The gains came back then due to big gains by the banking sector, and hopes for peace in Ukraine.

 

The Stoxx Europe index rose for the fourth straight session, marking four-week highs, with most sectors gaining, led by the mining sector, which rose 3%.

 

Ukraine warned this weekend that if peace talks fell apart with Russia, it might lead to World War 3.

 

So far the negotiations failed to reach any true settlement or common ground on a ceasefire agreement.

 

In Europe, the Euro Stoxx 50 rose 0.1%, while France's CAC 40 rose 0.2%, as Germany's DAX rose 0.1%, while London's Financial Times 100 rose 0.6%.

 

S&P 500 futures fell 0.3% after closing up 1.2% yesterday, marking one-month highs.

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