Equities in South East Europe finished in a mixed fashion on Wednesday as Romania’s annual inflation rate accelerated to 13.76% in April from 10.15% in the prior month. This was the highest reading since February 2004. Prices of food products accelerated further, rising the most since December 2003.
Investors continue to monitor the ongoing conflict in Ukraine, where the country’s state-owned gas transmission system operator (GTSOU) suspended Russian gas flows through a key entry point because of “interference by the occupying forces.” The Sokhranivka measuring station handles as much as 32.6 million cubic meters per day, or about a third of the Russian gas that flows via Ukraine to Europe, the operator said.
On the economic front, European Central Bank President Christine Lagarde said that the crisis related to the COVID-19 and Russia’s military intervention in Ukraine delivered a much greater shock to the eurozone “because it unveiled “the underlying weaknesses in the institutional architecture of the union.”
1. ATHENS – ATHEX 0.21%
2. BELGRADE – BELEX15 -0.62%
3. BUCHAREST – BET 0.35%
4. ISTANBUL – BIST 100 -1.45%
5. LJUBJLANA – SBITOP -0.15%
6. NICOSIA – CSE GI -1.29%
7. PODGORICA – MNSE 10 0.00%
8. SARAJEVO – SASX10 -0.32%
9. SKOPJE – MBI 10 0.02%
10. SOFIA – SOFIX 1.26%
11. ZAGREB – CROBEX 0.35%
