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Calm returns amid fresh hope on Ukraine crisis

February 15, 2022

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Evening Standard

HOPEFUL signs that tensions on the Ukraine border may be easing brought relief for investors today as calm returned to markets after Monday’s risk-averse session.

- Graeme Evans

Calm returns amid fresh hope on Ukraine crisis

MARKET ROUND-UP

Amid reports that some Russian troops have returned to their bases, oil prices retreated from a seven-year high above $96 a barrel and shares across Europe also moved higher.

The FTSE 100 index gained 0.6% or 43.33 points to 7574.92, with British Airways owner IAG at the forefront of the rebound after rising 4% or 6.24p to 171.04p. Russian steel producer Evraz also recouped some of yesterday’s big losses by lifting 12p to 327.5p.

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