European Shares Flat, but Set for Weekly Loss as Iran Tensions Lift Oil
Energy and materials profits have lifted the index, while traders watch stalled U.S.-Iran talks and a 1% jump in oil futures.
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Global Market: European shares steady near record highs as Iran war, Eurozone data in focus
European shares traded largely flat near record highs as investors weighed stalled US-Iran negotiations, elevated oil prices and upcoming Eurozone economic data. The STOXX 600 remained supported by resilient corporate earnings expectations, although geopolitical tensions and higher energy costs continued to temper risk appetite.
European Shares Flat as Iran Tensions Lift Oil Prices
European shares were little changed on Friday but remained on track for a weekly decline as investors weighed stalled U.S. Iran peace efforts, rising oil prices and upcoming euro zone economic data. The STOXX 600 edged up 0.05% to 659.65 by 0710 GMT, staying close to record highs despite losses earlier in the week. European […] The post European Shares Flat as Iran Tensions Lift Oil Prices appeared first on Modern Diplomacy.
Shares of media companies rose the most, by 1.15 percent, while companies in the travel and leisure sector gained 0.62 percent.
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