As of Friday, oil prices were heading for a weekly increase, even though the United States issued a 30-day permit for countries to buy Russian oil and oil products by sea.
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LONDON – European stocks regained value on Monday morning as investors continued to weigh continued uncertainty in the Middle East and rising global oil prices.
pan-european Stocks 600 The index rose 0.4% shortly after 1:00 p.m. (9:00 a.m. ET) in London, with most major exchanges and sectors gaining.
british FTSE 100 rose 0.6% in Germany dachshund France rose by 0.5%. CAC40 It rose by 0.2%. italian FTSE MIB The last thing we saw was a sideways trade.
Commerzbank shares rose 7.2% on the news. unicredit has launched a proposal to raise its stake in the German bank to more than 30%, a key regulatory hurdle that could pave the way for a full takeover.
The Italian lender’s offer is expected to be at a premium of about 4% to Commerzbank shares. UniCredit shares were last down 0.27%.
The US and Israeli military operations against Iran remain a key focus for global markets. U.S. crude oil prices rose Sunday night, once again topping $100 a barrel, but fell to $95 a barrel at market open on Monday as the White House considered a military strike on Iran’s key oil export facility on Kharg Island.
President Donald Trump said in an interview with Sunday’s Financial Times that his visit to China, scheduled for later this month, may be postponed as the United States seeks to pressure China to help reopen the Strait of Hormuz.
Asia-Pacific markets fell overnight, while US stock futures rose slightly, as Wall Street tried to recover from another losing week.
Dow Jones Industrial Average futures rose 366 points, or 0.8%. S&P 500 futures rose 1% and Nasdaq 100 futures rose 1.1%.
All eyes are on central banks this week, with the US Federal Reserve, the European Central Bank, and the Bank of England holding policy meetings. However, the Middle East conflict has put a brake on expectations for interest rate movements.
No results or data are scheduled to be released in Europe on Monday.
