Stock market: Europe sinks with the war, Stoxx 600 -3%

(ANSA) - MILAN, 07 MAR - European stock exchanges are still slipping compared to the start of the session.

The markets are weighed down by the surge in the prices of raw materials, primarily oil and gas.

   The hypothesis of new sanctions on Russia, including a ban on importing crude oil from Moscow has practically sparked investors with a withdrawal from the stock markets.

    The stoxx 600 area index fell 2.8%.

In sharp decline Paris (-4%), Frankfurt (-4.1%), with the Dax losing 22% since the beginning of the year, Madrid (-3.8%), Milan (-5.9%) , London (-1.7%).

Banks (-5.9%) and cars (-5%) are sinking.

Energy is holding up (+ 1.8%) while utilities suffer (-3.7%).

(HANDLE).