Radiocor News

European shares open mostly lower as oil prices rebound amid Middle East tensions

(Il Sole 24 Ore Radiocor) - , 17 mar - European share prices opened mostly lower, as a fragile truce on global markets ended following a resurgence in oil prices and persistent uncertainties surrounding the conflict in the Middle East.

Reports from the Financial Times detailed a series of attacks on energy infrastructure in the United Arab Emirates, specifically targeting upstream plants and industrial zones in Abu Dhabi and the key port of Fujairah.

The escalation has reignited inflationary concerns, potentially complicating upcoming policy decisions from the Federal Reserve and the European Central Bank scheduled for later this week.

Investors today will be assessing the ZEW economic sentiment survey for Germany and the Eurozone, along with final inflation data from Italy.

In the US, focus will shift to housing market data and weekly employment figures for a broader view of the labor market and inflationary trends.

At 0814 GMT, London's FTSE 100 was up 0.10% at 10,327.64 points while in Frankfurt the DAX was 0.23% lower at 23,512.73 points and in Paris the CAC 40 fell 0.10% to 7,927.64 points. Milan's FTSE MIB slumped 0.13% to 44,289.50 points while in Madrid the IBEX 35 was 0.03% lower at.

17,084.76 points.

(RADIOCOR) 17-03-26 10:41:01 (0225) 5 NNNN

 


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