As an economic crisis loomed in Russia, the fallout of tougher sanctions from the West imposed over the weekend rippled out across financial markets
By 1115 GMT, the Euro STOXX gained 1.78% higher while the FTSE 100 climbed 2.1%. Germany's DAX increased 1.3%
The pan-European STOXX 600 index fell 2.9% - hitting its lowest since May 2021 while marking a correction or 10% decline from its January record high
S&P 500 futures were up 0.55% in Asian trade, after U.S. President Joe Biden left the door open to diplomacy as he announced sanctions on two Russian banks and some elites close to President Vladimir
The broader Euro STOXX 600 fell as much as 1.9% to a seven-month low before clawing back some of its losses
Shares fell sharply in Asia on Tuesday after Russian President Vladimir Putin ordered troops into separatist regions of eastern Ukraine, suggesting a long-feared invasion was possibly underway. Tokyo's Nikkei 225 index dropped 1.8per cent and the Hang Seng in Hong Kong fell 3.2per cent in early trading. Oil prices jumped, with U.S. crude up 2.8per cent. The future for the S&P 500 dropped 1.5per cent while the contract for the Dow industrials lost 1.3per cent. U.S. markets were closed Monday for Presidents Day. In Europe, shares slipped Monday as investors awaited developments in the Ukraine crisis. Germany's DAX gave up 2.1per cent. In Paris, the CAC 40 in Paris declined 2per cent. Britain's FTSE 100 fell 0.3per cent. Russia's MOEX index dropped nearly 11per cent. The ruble was down 3.2per cent against the U.S. dollar. Western powers fear Russia might use skirmishes in Ukraine's eastern regions as a pretext for an attack on the democracy, which has defied Moscow's attempts to pull
U.S. stock futures and European stocks lost earlier gains made on news that U.S. President Joe Biden and Russian President Vladimir Putin had agreed in principle to hold a summit on the Ukraine crisis
Euro, which was up 0.6% at one stage during early London trading, slowly abandoned those gains and was up a meagre 0.1% at $1.1336
STOXX eyes lowest level in four months, tech stocks drop 2.5%; Valneva up on vaccine manufacturing grant in Scotland
U.S. President Joe Biden and Russian President Vladimir Putin have agreed in principle to hold a summit on the Ukraine crisis
Russia has ties to world energy and financial markets and is home to major foreign partnerships and investments, so any measures will have repercussions outside the country
The MSCI world equity index, which tracks shares in 50 countries, was up 0.3% on the day at 1203 GMT, its first gain after three days of drops, each exceeding 0.9%
Rather than list or seek a private sale, the US investor is opting to recapitalise Mileway, Europe's largest owner of last-mile logistics
Against the greenback, the single currency climbed 0.4% to $1.1346, and within striking distance of Monday's high of $1.1369 as European stock futures rebounded on the news
European stocks fall 2.6%, Nikkei down 2.2% as US warns Russia could invade Ukraine at any time; Brent rises above $95 barrel before stalling
Europe's STOXX 600 was down 0.9%, Nasdaq and S&P 500 futures were down 0.7% and 0.5% respectively
Facebook owner Meta Platforms surged more than 5%, ending four sessions of deep declines that saw it lose almost a third of its value.
The euro edged up on Wednesday but was off Friday's three-week high, as traders looked for clues as to when the European Central Bank will hike interest rates
MSCI's broadest index of Asia-Pacific shares outside Japan added 1.5% to its highest in two weeks, helped by a 3.8% gain in Hong Kong-listed tech stocks
The euro retreated as the European Central Bank tried to cool interest rate hike expectations.