LONDON: European stocks marked time near their opening levels in Europe and the US on Monday after losses in Asia as traders readied for earnings reports from hi-tech heavyweights later in the week.
On oil markets, concern focused on the Gulf, as Britain repeated its demand that Iran release the Stena Impero, which the Islamic Revolutionary Guard Corps seized on Friday in the strategic Strait of Hormuz."Traders are clearly a little on edge due to the importance of the passage for global oil supplies," remarked Craig Erlam at the Oanda brokerage.
Meanwhile, the International Energy Agency said Monday that"the oil market is currently well supplied", and added that it was"ready to act quickly and decisively in the event of a disruption."
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