Vladimir Putin announced a partial mobilization in Russia on Wednesday morning. However, the stock markets did not react much if we look at the main European indices, which show us that the announcement no longer scares investors.

Talked to HotNews.ro Adrian Angel, from OTP Asset Managementwho told us that inflation is more important now.

“This is what changes the markets: inflation and the response of central banks,” he told us.

In addition, gas exports from Russia are already quite limited, and at the EU level, the level of deposits is quite high.

What the main indices show after the announcement

For example, the STOXX Europe 600 was up 0.11% at midday. On the London Stock Exchange, the FTSE 100 index rose by 0.39%, and the FTSE 250 – by 0.28%.

In Poland, with the exception of one index, which increased by 0.18%, the rest decreased by 0.17-1.5%. In Vienna, the decrease was from 0.02% to 1.06%.

In Frankfurt, the DAX index fell 0.22%, while the Euro Stoxx 50 rose 0.28%.

S&P futures rose 0.02%, Dow futures rose 0.03% and Nasdaq futures fell 0.1%.

In Bucharest, on the other hand, there was a bit more decline, but no panic, with the main index down 1.6%, SIFs down 1.58% and utilities and energy down 2.05%.

The main stock index of Russia fell by 0.19%

Gold was up 0.64% at midday, above $1,681 an ounce.

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