Face-to-face negotiations between the two nations are set to begin later on Tuesday in Turkey.
“In February hopes were still high that consumer sentiment would recover significantly with the foreseeable easing of pandemic-related restrictions,” Germany’s GfK commented. “However, the start of the war in Ukraine caused these hopes to vanish into thin air. Rising uncertainty and sanctions against Russia have caused energy prices in particular to skyrocket, putting a noticeable strain on general consumer sentiment.”
The FTSE 100 rose 0.7% as UK supermarket prices went up at their fastest pace in almost ten years in March. Meanwhile, France’s CAC was up 1.2% and the DAX rose 1.1% in Germany.
Across the pond, Wall Street’s S&P advanced 32.46 points, or 0.7%, to 4575.52, reaching its largest one-day percentage increase since June 2020. Meanwhile, the Dow Jones increased 0.3% and Nasdaq was up 1.3%