European Markets at Midday: Oil Rally Supports Energy Stocks as Brussels Underperforms
European shares hovered near record levels at midday as energy gains offset travel-sector weakness, while Brussels’ BEL 20 declined around 0.4%.
FINANCEMARKETS.INFO
European shares hovered near record levels at midday as energy gains offset travel-sector weakness, while Brussels’ BEL 20 declined around 0.4%.
European markets edged higher as oil and gas stocks rallied, but renewed inflation concerns weighed on travel shares and pushed Belgium’s BEL 20 lower.
Asian shares edged higher in cautious trading, with South Korea and Australia advancing as investors monitored rising oil prices, the fragile yen, the RBA and forthcoming US inflation data.
The S&P 500, Dow and Nasdaq close lower as oil jumps 5%, Treasury yields rise and technology stocks retreat ahead of US inflation data.
The S&P 500 rebounds towards another record at midday as surging oil lifts energy stocks, while Apple and Intel weigh on technology.
European stocks close slightly lower as oil surges on Hormuz uncertainty. Latest CAC 40, DAX, FTSE and BEL 20 winners, losers and volumes.
Wall Street opens nearly unchanged as investors watch Hormuz and inflation. Archer Aviation surges while Intel, Barrick and Apple fall.
European stocks trade mixed at midday as technology offsets media weakness. Latest CAC 40, DAX, FTSE and BEL 20 winners, losers and volumes.
Bitcoin traded above $65,000 on August 10 as weak US jobs data reduced rate-hike expectations. Ether, Solana and XRP also recorded modest gains.
Oil stabilised near $84, gold held close to a seven-week high and copper advanced on August 10, while iron ore declined and wheat prices rose.