NewsBreak: European Stocks Open Lower as Oil Fears Persist

September 18
03:04 2019 — European stock markets opened lower Tuesday as concerns over the spike in oil prices continued to weigh on markets. Asian stocks had also weakened overnight, after the U.S. reportedly shared intelligence with Saudi Arabia showing that Iran was responsible for the weekend attack on its oil facilities. Saudi Arabia hasn’t yet joined the U.S. in publicly blaming Iran, something that could raise the likelihood of a coordinated response against the Islamic Republic.

STOXX 600 -0.2% at 388.92 by 3:08 AM ET (0708 GMT)

DAX, FTSE 100 both open down 0.1%

Zalando (DE:ZALG) -9.3% after strategic shareholder Kinnevik sells down stake

Ocado (LON:OCDO)-0.5% after reporting sales up 11.5% in 13 weeks to Sept. 1, in line with its own forecasts.

Brent futures at $ 68.41 a barrel, down 0.9% vs late Monday.

Related Articles

European shares lower as Germany’s Zalando slumps; oil stocks ease

Swedbank to allow prosecutor to question lawyer over money laundering

Japan stocks higher at close of trade; Nikkei 225 up 0.06%

Related Articles