European stocks close lower as oil rises, yields jump
European equities closed notably lower as oil prices climbed and bond yields rose amid escalating Middle East tensions and concerns about France’s fiscal outlook.
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AstraZeneca deal lifts FTSE 100 as the index rises 0.34% to 10,721.48
FTSE 100 rose 0.34% to 10,721.48 by 0925 GMT, with pharma shares up after AstraZeneca agreed a $2 billion stake in Summit Therapeutics.
MNI EUROPEAN MARKETS ANALYSIS: USD Supported Despite Lower Oil
* Oil has continued to trend lower during Wednesday's APAC session as talks continue on the sidelines of this week's UN gathering. The fact negotiations are even taking place to facilitate Middle East energy shipments is driving optimism in markets but the situation remains very precarious. UST futures are higher, but