Global Market: European Shares Rise as Oil Prices Ease; Middle East Tensions Keep Investors Cautious
Banks and technology led the advance as lower oil prices and stronger euro-zone activity data lifted risk appetite, while the STOXX 600 posted its biggest jump since Jul 2.
- European stocks advanced on Friday and were on course for a weekly gain as a sell-off in government debt eased and oil prices retreated from recent highs.
- Oil prices retreated following reports that Iran has submitted a proposal to the United States to end their war and reopen the Strait of Hormuz within seven days.
- Airline stocks advanced as fuel costs eased, with Ryanair and Lufthansa gaining more than 2% each, while energy shares slipped 0.8% alongside Brent crude futures.
- An S&P Global PMI survey showed business activity across the euro zone accelerated this month at its fastest pace in more than three years, defying expectations for a slowdown.
- Attention is turning to a meeting between President Donald Trump and Chinese counterpart Xi Jinping later this week, which investors are watching for clues on trade relations and the global economic outlook.
20 Articles
20 Articles
European Shares Edge Higher On US-Iran Truce Hopes
European stocks advanced on Friday and were on course for a weekly gain as a sell-off in government debt eased and oil prices retreated from recent highs following reports that Iran has submitted a proposal to the United States to end their war and reopen the Strait of Hormuz within seven days.
Global Market: European shares rise as oil prices ease; Middle East tensions keep investors cautious
European shares rose on Friday as easing oil prices supported risk appetite, while investors remained cautious over Middle East tensions. The STOXX 600 was on track for its first weekly gain after three consecutive weeks of losses.
Oil remains expensive, but its slight decline is enough to reassure investors and bring up the European Stock Exchanges. ...
Europe stocks rise as oil retreat aids sentiment; PMI data in focus
Global Market: European shares edge higher as lower oil prices lift sentiment
European shares rose on Wednesday as falling oil prices boosted sentiment, while investors awaited eurozone PMI data for clues on economic health. Aerospace and defence stocks led gains. KWS fell after weaker-than-expected annual sales, while Adyen slipped following its CFO appointment. European energy stocks gained despite lower crude prices.
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