[Europe Open] Ukraine Ceasefire Hopes... Euro Stoxx Up 1.38%

Germany's DAX Index Leads with a 1.49% Rise

[Asia Economy Reporter Cha Min-young] On the 28th, major European stock markets opened higher amid expectations for an end to the Russia-Ukraine war.

As of 6:26 PM (Korean time), the Euro Stoxx 50 index was trading at 3,921.15, up 1.38% from the previous close.

At the same time, Germany's DAX index rose 1.49% to 14,519.49, France's CAC index increased 1.29% to 6,638.40, and the UK's FTSE 100 index was up 0.45% at 7,517.25 compared to the previous trading day.

European major stock markets started higher following a decline in oil prices, as some areas of Shanghai, China, entered phased lockdown measures and Ukraine and Russia engaged in final peace negotiations.

Ukrainian President Volodymyr Zelensky stated on the 27th (local time) that he seeks compromise with Russia regarding the Donbas region issue. Zelensky also said Ukraine is prepared to discuss adopting a neutral status as part of a peace agreement with Russia.

Volatile oil prices also stabilized somewhat. U.S. Brent crude futures fell 3.7% to $116.17 per barrel compared to the previous day. This is more than $10 lower than the yearly high of $127.98 recorded on the 8th.

This content was produced with the assistance of AI translation services.