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European Stocks Advance as Oil Prices Drop; Siemens Energy Up

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European Stocks Advance as Oil Prices Drop; Siemens Energy Up European stocks gained as a pullback in oil prices offered some relief from inflation concerns and bond-market pressures that have weighed on the region in recent sessions. The Stoxx Europe 600 rose 0.3% as of 8:17 a.m. in London. Brent crude traded around $91 a barrel, down from Friday’s high of $95, after fresh US pressure on Iran stopped short of material new measures.

European Stocks Advance as Oil Prices Drop; Siemens Energy Up European stocks gained as a pullback in oil prices offered some relief from inflation concerns and bond-market pressures that have weighed on the region in recent sessions. The Stoxx Europe 600 rose 0.3% as of 8:17 a.m. in London. Brent crude traded around $91 a barrel, down from Friday’s high of $95, after fresh US pressure on Iran stopped short of material new measures. Trading volumes remained subdued in the final week of August.
European (ORG) Siemens Energy (ORG) The Stoxx Europe 600 (LOCATION) London (LOCATION) Brent (PERSON) US (LOCATION) Iran (LOCATION)
Originally published by Bloomberg Markets Read original →