The European stock market environment also started trading with significant price losses. The Asian markets had previously provided deep red specifications. Market observers referred to the escalating conflict between Russia and Ukraine. Russian President Vladimir Putin has ordered troops to be sent to the embattled east of the country. The units are supposed to ensure “peace” in the “People’s Republics of Luhansk and Donetsk,” which he had just recognized as independent states. The USA and the EU announced punitive measures.
Raiffeisen was one of the biggest losers in Vienna in early trading and lost almost ten percent in value. Shares in Erste Group had to record a minus of 4.5 percent and voestalpine lost 3.7 percent in value. Wienerberger fell 3.4 percent, while Andritz and OMV each slipped about 3 percent.
Source: Nachrichten
