Europe stocks retreat after three-day rally as rising yields, oil prices dent sentiment
- On Wednesday, the pan-European STOXX 600 index slipped 0.3% to 635.02 points, ending a three-day rally as higher oil prices and rising bond yields weighed on investor sentiment across European equities.
- Heightened geopolitical unease in the Middle East, including Houthi attacks near the Strait of Hormuz, pushed Brent crude above $101 a barrel, while France's deteriorating fiscal situation triggered wider bond spreads ahead of next year's presidential election.
- Societe Generale, Deutsche Bank, UniCredit, and Intesa Sanpaolo each fell more than 4% as European banks slid on contagion fears, while automakers rose 0.9% on potential European Union import restrictions against Chinese hybrid vehicles.
- UK water utility Pennon Group shed 15.4% after launching a fully underwritten £550 million rights issue and cutting its dividend to address operational problems, pressuring investor sentiment further.
- Analysts expect third-quarter earnings for STOXX 600 companies to rise 19.4% from a year earlier, with growth excluding energy projected at 9.9%, potentially buffering markets against current macroeconomic headwinds.
63 Articles
63 Articles
The main European stock indexes closed down on Thursday (8), with the weight of a strong advance in oil prices and a higher perception of risk among investors, with the news that the President of the United States, Donald Trump, can attack Iran before the mid-term elections. Greater caution in the markets also favored a high in Europe's public securities revenues, which adds to the fiscal fear in France, contributing to further pressure on the p…
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European Stocks Slide as Oil Surge and Bond Yields Pressure Banks
European shares fell Thursday as rising oil prices and renewed selling in government bonds intensified concerns over inflation and economic growth. Banks led the decline, ... The post European Stocks Slide as Oil Surge and Bond Yields Pressure Banks first appeared on [your]NEWS.
In Piazza Affari the energy securities rise as the banking sector descends, weighed down by the storm on government bonds and by the risiko
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