Europe’s main stock markets closed sharply lower, with Paris down 4.97 per cent, its lowest since the first coronavirus lockdown in 2020. Oil prices shot up again around 3.5pc on fears of supply disruptions to Russian crude. European and UK gas prices surged to record peaks Friday on supply disruption fears. Wall Street saw drops of around 1pc in mid-day trading — tempered by a solid jobs report. US employers added 678,000 workers to their payrolls in February, driving the unemployment rate down to 3.8pc in a monthly report that was better than expected. The euro sank close to a two-year low under $1.10 as the Ukraine conflict clouds the eurozone’s economic recovery. . . .
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