European shares buck global downturn on Middle East risks as energy stocks gain

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 71 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 53%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

European shares buck global downturn on Middle East risks as energy stocks gain

- European shares opened higher on Wednesday, led by energy stocks, defying a slump in Asian stocks and Wall Street after Iran's ballistic missile strike on Israel raised fears of a broader regional conflict.

The energy sector provided the biggest boost to the index, gaining 17% after oil prices jumped due to rising concerns in the Middle East that could escalate, following Iran's biggest-ever military blow against Israel. On the data-front, euro-zone unemployment data for August is set to drop at 0900 GMT. Markets will also be focussing on comments by the European Central Bank's chief economist Philip Lane, with a host of ECB board members set to speak through the day, including Vice President Luis de Guindos.

Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European stocks edged higher; caution over Middle East turmoilEuropean stocks edged higher; caution over Middle East turmoil
Source: Investingcom - 🏆 450. / 53 Read more »

Asia stocks slide, oil extends gains on Middle East risksAsia stocks slide, oil extends gains on Middle East risks
Source: Investingcom - 🏆 450. / 53 Read more »