European stocks surge over 2% on Ukraine-Russia peace talks

European stocks surged over 2% on Friday on track for the second profit in three sessions, amid improving risk appetite in the markets as Russian-Ukrainian peace talks progress.

Russian President Vladimir Putin said the discussions with Ukraine took a positive turn with increased progress on the most disputable points. 

Dow Jones Stoxx Europe 600 rose 2.1% as of 11:55 GMT, after closing down 1.7% yesterday, following a 4.7% spike in the previous session.

The strong gains back on Wednesday were the best since March 2020 as risk appetite improved across the board.

the Stoxx Europe index rose on Friday on track for the second profit in a row, with most sectors gaining, led by the travel sector, which rose 3.5%.

Recent Russian-Ukrainian negotiations in Turkey achieved little progress and greatly disappointed the markets.

However, Putin's remarks showed unexpected progress in the peace talks, with Moscow getting concessions from Kiev.

In Europe, the Euro Stoxx 50 rose 2.9%, while France's CAC 40 rallied 2.5%, as Germany's DAX rose 3.5%, while London's Financial Times 100 rose 1.5%.

S&P 500 futures fell 1.5% today after a 0.4% slip yesterday following historic US inflation data.