Business & Finance
European Stocks Advance as Oil Prices Drop; Siemens Energy Up
Key Points
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.