LONDON (Reuters) -European stocks rose on Friday after Wall Street’s late rally, as investors welcomed coordinated Western sanctions on Russia that targeted its banks but not did not block it from a global payments system and left its energy sector largely untouched.
Oil prices fell back below $100 a barrel after soaring on Thursday as concerns over supply disruptions eased. [O/R]
The jump in European shares was modest, however, and Wall Street looked set to open lower. Markets remain down significantly from levels at the start of the week — the MSCI World Index is 2.5% lower — after investors were left stunned by Russian President Vladimir Putin’s decision to invade Ukraine.
