European Shares Mixed As Oil Resumes Climb

RTTNews | 179 days ago
European Shares Mixed As Oil Resumes Climb

(RTTNews) - European stocks were mixed on Tuesday as oil prices resumed their rise amid fears over constrained supply.

U.S. President Donald Trump criticized Western allies for rebuffing his request to send warships to escort tankers through the Strait of Hormuz, as the U.S.-Israeli conflict with Iran entered day 18.

Iran has launched a series of attacks on the United Arab Emirates (UAE), targeting Dubai's international airport and the Fujairah oil port, marking a sharp escalation in the ongoing conflict.

The pan European Stoxx 600 slipped 0.1 percent to 597.86 after gaining 0.4 percent in the previous session.

The German DAX dipped 0.3 percent, while France's CAC 40 was marginally higher and the U.K.'s FTSE 100 rose 0.2 percent.

Trustpilot Group share soared 18 percent in London. After reporting strong full-year 2025 results, the online review platform said it expects revenue to grow "in the high teens" on a constant currency basis in 2026.

Close Brothers tumbled 3.4 percent. After reporting a narrower loss in the first half of its financial year, the lender said it plans to cut 600 jobs by 2027 as part of its ongoing cost-reduction efforts.

Industrial components group Essentra climbed 2.4 percent after reporting full-year 2025 results in line with analyst expectations.

Energy giant BP Plc gained over 1 percent and peer Shell added 1.2 percent as oil prices surged nearly 4 percent after a drone attack at the Fujairah Oil Industry Zone in the United Arab Emirates.

French bank Societe Generale edged up slightly after it signed a preliminary agreement ?to sell a part of its securities services branch to ?Credit Mutuel Arkea.

German life-science company Sartorius surged 4.3 percent after setting new mid-term financial targets.

read more
TSX Climbs On Tech Rally, Looks Set To End 6-day Losing Streak

TSX Climbs On Tech Rally, Looks Set To End 6-day Losing Streak

The S&P/TSX Composite Index rose 0.36% Friday to 35,634.50 as technology stocks surged 3.5%, contributing significantly to gains. Oil prices fell following International Energy Agency's downward global oil demand forecast revision.
RTTNews | 16h 8min ago
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Switzerland stock market closed modestly higher on Friday, in line with markets across Europe, as a sharp drop in oil prices helped lift sentiment.
RTTNews | 16h 42min ago
European Markets Rise As Oil Prices Fall On IEA Demand Cut

European Markets Rise As Oil Prices Fall On IEA Demand Cut

European markets gained ground Friday after the International Energy Agency cut its global oil demand forecast, sending Brent crude futures down 3.5% to $103.50. The IEA now projects world oil demand will drop 2.5 million barrels per day this year versus its prior estimate of 1.6 million bpd.
RTTNews | 17h 5min ago
U.S. Consumer Sentiment Deteriorates Much More Than Expected In September

U.S. Consumer Sentiment Deteriorates Much More Than Expected In September

A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of September. The University of Michigan said its consumer sentiment index slumped to 47.8 in September after tumbling to 51.7 in August. Economists had expected the index to edge down to 51.0.
RTTNews | 20h 26min ago
CPSC Recalls: 2.3 Mln Candy Bottles, Motorcycles, Dressers, Dual Fuel Ranges, Fire Spray Canisters

CPSC Recalls: 2.3 Mln Candy Bottles, Motorcycles, Dressers, Dual Fuel Ranges, Fire Spray Canisters

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including more than 2.3 million sour crush candy bottles, motorcycles, six-drawer dressers, dual fuel ranges, hair dryer brushes, and fire spray canisters, among others. In most of the recalls, consumers are urged to immediately stop using the recalled product, and contact the respective firm for either a free repair
RTTNews | 20h 35min ago
U.S. Consumer Price Growth Matches Estimates, Core Prices Rise Slightly More Than Expected

U.S. Consumer Price Growth Matches Estimates, Core Prices Rise Slightly More Than Expected

A closely watched report released by the Labor Department on Friday showed consumer prices in the U.S. increased in line with economist estimates in the month of August, although core prices rose by slightly more than expected. The Labor Department said its consumer price index climbed by 0.4 percent in August after inching up by 0.1 percent in July.
RTTNews | 21h 15min ago