Business · Markets · 10 hrs ago

European shares rise as oil prices ease and investors await US data

European shares rise as oil prices ease and investors await US data

European share markets rose at the start of the week.

Lower oil prices and a calmer French government bond market helped support the gains.

French borrowing costs had drawn concern because of worries about the country’s public finances.

Investors are now watching US inflation figures due later in the week, which could affect expectations for US interest rates.

The US earnings season also begins this week, with major banks among the first companies to report.

A recent EU-China agreement on export restrictions for hybrid cars has eased fears of a further trade dispute, helping European car shares.

Individual shares moved in different directions: Argenx continued to recover after a failed late-stage drug study, while Ahold Delhaize fell after reporting IT problems.

What people are saying

Die Entlastung bei den Energiepreisen ist für die Aktienmärkte derzeit mehr wert als manche gute Konjunkturzahl.
Andreas LipkowMarket expert at CMC Marketsvia cash.ch

Sources

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