.jpg)
1 hour ago
3
Article content
(Bloomberg) — European stocks tumbled as intensifying rhetoric between the US and Iran on the Strait of Hormuz pushed up oil prices.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
The Euro Stoxx 50 Index dropped 1.1%, putting the benchmark on track for the biggest drop in two weeks. Energy shares rose as Brent crude gained 3.8% to trade at $112 a barrel. An unverified report by Iran’s FARS news agency claimed that two missiles had hit a US warship after it had ignored warnings. A senior US official denied the report, Axios reported. London’s stock exchange was closed due to a holiday.
Article content
Article content
Article content
“I take the view that this is just another dip that investors will want to buy into within, say, the next three days,” said David Kruk, head of trading at La Financiere de l’Echiquier.
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
In individual stocks, Belgium’s Umicore jumped 16% after the materials technology group said earnings this year will approach €1 billion, significantly above estimates. Auto stocks were lower on President Donald Trump’s threat to raise tariffs on cars imported from the region.
Article content
For more on equity markets:
Article content
- Concentration Shaping Up as Key Risk for Investors: Taking Stock
- M&A Watch Europe: UCB to Buy Candid, Thyssenkrupp, Trimco, EQT
Article content
You want more news on this market? Click here for a curated First Word channel of actionable news from Bloomberg and select sources. It can be customized to your preferences by clicking into Actions on the toolbar or hitting the HELP key for assistance. To subscribe to a daily list of European analyst rating changes, click here.
Article content
Advertisement 1
English (US)