European stock markets rose modestly on Tuesday morning (21), as mediation efforts to end the conflict between the United States and Iran helped stabilize oil prices.
European stock markets trade modestly higher on hopes of a ceasefire between the US and Iran
European stock markets rose modestly on Tuesday morning (21), as mediation efforts to end the conflict between the United States and Iran helped stabilize oil prices. At around 6:35 am, Brasília time, the pan-European Stoxx 600 index...
The move comes amid expectations that diplomatic initiatives by mediators will result in a new ceasefire between the United States and Iran, which have exchanged attacks over the last ten nights. At the same time, the European technology sub-index rose 1.4%.
- The balance sheets of large technology companies in the United States, including Alphabet, will be monitored this week in search of signs about the viability of billion-dollar investments...
- The mining sub-index also registered a similar increase, driven by the appreciation of gold and copper.
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At around 6:35 am, Brasília time, the pan-European Stoxx 600 index advanced 0.40%, at 642.15 points.
Oil remained relatively stable this morning, after reaching its highest levels in a month on Monday. The move comes amid expectations that diplomatic initiatives by mediators will result in a new ceasefire between the United States and Iran, which have exchanged attacks over the last ten nights.
At the same time, the European technology sub-index rose 1.4%. The balance sheets of large technology companies in the United States, including Alphabet, will be monitored this week in search of signs about the viability of billion-dollar investments in artificial intelligence.
The mining sub-index also registered a similar increase, driven by the appreciation of gold and copper.
On the indicator agenda, Germany's ZEW index of economic expectations rose to 26.3 points in July, a result above projections.
At 6:52 am, Brasília time, the London Stock Exchange rose 0.26%, the Paris Stock Exchange rose 0.36% and the Frankfurt Stock Exchange gained 0.42%. The Milan, Madrid and Lisbon markets registered increases of 0.71%, 0.78% and 0.51%, respectively.
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