European stocks plunge premarket as Russia attacks Ukraine
European stocks plummeted in premarket trading on Thursday after the situation in Ukraine turned into a military conflict. Russia launched a military operation in Donbass after the leaders of the region’s self-proclaimed republics called for such a move. Ukraine branded Moscow’s actions as a “full-scale invasion.”
The FTSE 100 dropped 2.61% at 8:00 am CET, the DAX plunged 3% at 8:01 am CET and the CAC 40 dived 2.45% at the same time.
The euro fell 0.53% against the dollar to go for 1.12460 at 7:56 am CET and the pound lost 0.33% compared to the US currency to sell for 1.34986 at the same time.
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