Global Market: European shares rise as easing oil prices lift sentiment; earnings in focus
Executive Brief • Key Highlights
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- ✓European shares rose on Monday as banking stocks gained on easing oil prices.
- ✓The pan-European STOXX 600 index climbed 0.43% to 634.25 points by 0709 GMT.
- ✓Investors now look to corporate earnings from LVMH, ASML and EQT for fresh cues as they assess business conditions amid ongoing geopolitical uncertainty and borrowing costs.
Story at a Glance
- Category
- MARKET
- Reported By
- The Economic Times
- Reading Speed
- 6 Minute(s)
- Market Focus
- India Economy
Synopsis
European shares rose as banking stocks gained on easing oil prices and hopes of an energy ceasefire between Russia and Ukraine. Investors turned to corporate earnings from LVMH, ASML and EQT for fresh cues amid geopolitical uncertainty and elevated borrowing costs.
European shares rose on Monday, supported by banking stocks as oil prices eased on hopes of an energy ceasefire between Russia and Ukraine, while investors awaited corporate earnings for fresh direction amid geopolitical uncertainty and elevated borrowing costs.
The pan-European STOXX 600 index gained 0.43% to 634.25 points by 0709 GMT. Spain's IBEX, which has a significant banking sector weighting, outperformed regional peers, climbing 1.3%.
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The Economic Times
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