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European shares subdued as surging crude sharpens focus on ECB rate path
Energy shares rose 1.2% as Brent crude neared $100 a barrel and traders priced in a 25-basis-point ECB rate hike.
Summary by Times of India
6 Articles
6 Articles
The Economic Times+2 Reposted by 2 other sources
European shares subdued as surging crude sharpens focus on ECB rate path
European shares closed largely flat as higher oil prices and renewed US-Iran tensions raised inflation concerns, offsetting stronger euro zone economic data. Energy stocks gained, while Novartis fell after its cholesterol drug failed a key study. Investors also raised bets on further ECB rate hikes, including a possible December move.
·Mumbai, India
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(Teleborsa) - Sitting little moved but still weak for the European Bags, waiting for clearer indications from the macroeconomic front and the next moves of the central banks. The prices of oil Brent...
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Total News Sources6
Leaning Left0Leaning Right2Center2Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
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