European markets advanced on Friday to end a volatile week as investors assess the Federal Reserve’s monetary tightening and news from Ukraine.
The U.S. Congress has voted to revoke Russia's trade status and ban oil and gas imports, along with banning all new investment in the country and sanctioning President Vladimir Putin's daughters.
Volatility continues as investors assess the pace of the Fed's plans to tighten its balance sheet and hike interest rates to contain runaway inflation. LONDON — European markets advanced on Friday to end a volatile trading week as investors assess the pace of the Federal Reserve's monetary tightening plans and news from Ukraine.index jumped 1.1% in early trade, with autos adding 1.7% to lead gains as all sectors and major bourses entered positive territory.
The European blue chip index closed slightly lower on Thursday despite having been up by around 0.8% at one stage, as volatility continued following details of the Fed's plans to tighten its balance sheet and hike interest rates to contain runaway inflation.
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