European stocks were lower on Monday, as tensions in Ukraine continued
to weigh, although comments by European Central Bank President Mario
Draghi lent some support to European equities.
During European morning trade, the DJ Euro Stoxx 50 edged 0.09% lower, France’s CAC 40 dipped 0.05%, while Germany’s DAX slid 0.42%.
Markets
were jittery after Ukraine said it plans to launch a "full-scale
anti-terrorist operation" involving the army against the rebels. The
comments came after a group of separatists took control of the Ukrainian
city of Slaviansk on Saturday. In response, the United Nations Security Council kicked off an emergency meeting early on Monday to discuss the crisis.
Equities
found support after Draghi said a further appreciation in the euro
would trigger additional monetary easing to keep inflation from falling
too low.
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