Apparent cease-fire deal in Ukraine lifts stock markets in Europe, Russia, US
U.S. stocks are opening higher, tracking European markets that jumped following an apparent cease-fire deal in Ukraine.
The Dow Jones industrial average rose 63 points, or 0.4 per cent, to 17,130 in early trading Wednesday. The Standard & Poor’s 500 gained six points, or 0.3 per cent, to 2,008.
European and Russian stocks rose sharply after Russian President Vladimir Putin issued a peace plan for eastern Ukraine Wednesday. That followed an earlier announcement from Ukraine of a cease-fire deal.
Ukraine and the West have accused Russia of supporting pro-Russian insurgents fighting government troops in eastern Ukraine since mid-April. Moscow has denied the charge.
Russia’s MICEX benchmark index was up 3.2 per cent. Germany’s DAX index, which is sensitive to the crisis because of the country’s economic ties with Russia, rose 1.5 per cent.
News from © The Associated Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.
Join the Conversation!
Want to share your thoughts, add context, or connect with others in your community? Create a free account to comment on stories, ask questions, and join meaningful discussions on our new site.
Leave a Reply
You must be logged in to post a comment.