European stock futures largely lower; oil soars on Middle East conflict
Investing.com - European stock markets are expected to open largely lower Monday, as investors assess the implications of the military conflict in the Middle East and the associated surge in oil prices.The Israeli-Palestinian conflict escalated to full-blown war over the weekend, as members of the Islamist group Hamas attacked several Israeli towns, killing hundreds of Israelis and abducted dozens more.
Last week saw oil prices post their steepest weekly losses since March, as Brent posted a decline of about 11% and WTI recorded an over 8% drop, on worries that persistently high interest rates will slow global growth and hammer fuel demand.Although this represents an improvement from the revised 0.6% drop the previous month, Germany, the eurozone’s dominant economy, has a high exposure to energy costs, and thus a sustained rise in oil prices would be an unwelcome blow.
ECB Vice President Luis de Guindos and Bank of Spain Governor Pablo Hernández de Cos along with ECB board member Andrea Enria are set to speak during the session.
{username} Just Now Share Follow this postUnfollow this post Save Saved. See Saved Items . This comment has already been saved in your Saved Items Author's response{commentContent} Reply 00 Report {username} Just NowAuthor's response Share Follow this postUnfollow this post Save Saved. See Saved Items .
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Middle East tensions set to see lower European openUS markets finished the week higher after the latest September jobs report showed the US economy added a staggering 336k jobs in September, while Augu
Les mer »
European markets head for mixed open amid Middle East turmoilEuropean markets are heading for a mixed open Monday as investors assess the market impact of geopolitical turmoil in the Middle East.
Les mer »
Oil rises, US stock futures drop on turmoil in the Middle EastOil prices surged and US stock futures fell on Sunday night in their first reaction to Israel’s war with Hamas.
Les mer »
Asian Stock Market: Regional indices exhibit varied performance amid Middle East conflictAsian markets exhibit a mixed sentiment with a negative bias as the market is cautious of the war between Israel and Hamas that erupted over the weeke
Les mer »
Psycho Bunny Opens First Store in Middle EastThe 1,800-square-foot store is located in the Mall of Emirates in Dubai.
Les mer »