European Stocks Fall as Energy Prices Weigh; Stoxx 600 Drops 0.6%
European indexes declined at the open as elevated energy prices weighed. The Stoxx 600 fell 0.6%, while France’s CAC 40 dropped 1% after weekend riots; banks also fell sharply.
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European indexes declined at the open as elevated energy prices weighed. The Stoxx 600 fell 0.6%, while France’s CAC 40 dropped 1% after weekend riots; banks also fell sharply.
European stocks fell and the euro slipped as oil rose above $100 on renewed Middle East tensions and France's fiscal outlook weighed on sentiment. Traders also watched upcoming U.S. Treasury auctions and the Federal Reserve minutes.
European shares ticked higher in choppy trade on Tuesday, with investors watching for potential US-Iran talks. The STOXX 600 was up 0.2% by 0919 GMT. Energy stocks shed 0.5% tracking a dip in oil prices, while insurance shares declined 1.3%. Retail shares gained 1.8%, boosted by Kingfisher.