(Reuters) – People were afraid of war in Ukraine, an aggressive U.S. Federal Reserve move, and mixed company results on Tuesday. European stocks were set for their worst day in nearly two weeks.
In the last week, the STOXX 600 index of European stocks fell 0.9%. It then fell 0.1% this week and 0.1% last week. Travel and construction stocks were the first to fall.
During the second phase of the war, Russian forces are trying to break through defenses on almost the entire front line in eastern Ukraine. This is what Ukrainian officials call the second phase.
All of the markets in Europe were in the red.
On Monday, James Bullard, the head of the St. Louis Federal Reserve Bank, kept up his case for raising interest rates to 3.5 percent by the end of the year on Monday, saying that U.S. inflation is “far too high.”
The French reinsurer stated that it intends to charge claims relating to the Ukraine conflict. Scor fell 2.6% after that, and now it is down 2.6%.