European stocks close lower as attention turns to the Fed
CNBC
European stocks finished Wednesday's session in the red as the war in Iran and oil prices remain in the spotlight, and central banks come into focus.
LONDON — European stocks closed lower on Wednesday as the market fallout of the Iran war remained in the spotlight ahead of the U.S. Federal Reserve's next policy move.
The pan-European Stoxx 600 finished the session down 0.7%, reversing earlier gains, with most sectors and all major bourses closing in negative territory.
In corporate news, shares of British firm Diploma — a distributor of technical fastenings to the aerospace, life sciences and motorsport sectors — finished 17.8% higher to reach a new 52-week high. It came after the FTSE 100 constituent announced a significant upgrade to its full-year outlook. The firm said it now expects organic revenue growth of 9%, up from 6%, with analyst consensus on operating profit rising by 13%.
European stocks are expected to open in mixed territory again on Thursday as markets following unsettling geopolitical developments in the Middle East.
European stocks are expected to open in mixed territory on Wednesday as markets continue to track developments in the Middle East.
European stocks are expected to open firmly in negative territory Tuesday as the geopolitical crisis in the Middle East continues to weigh on market sentiment.
Gold prices rose for a fifth consecutive session on Tuesday, as investors sought safe-haven assets amid an escalating U.S. and Israeli air war against Iran.
The yen and euro were lower on Tuesday as the widening Middle East conflict focused attention on countries dependent on energy imports.
Oil prices continue to rise Iran's Revolutionary Guard says it has closed the Strait of Hormuz,
European stocks are expected to start the new trading week firmly in negative territory.
Oil prices jumped to their highest levels in months on Monday as Iran and Israel escalated attacks in the Middle East, disrupting shipments from the region.
Gold prices rose on Monday after the U.S. and Israel launched strikes on Iran, killing Supreme Leader Ayatollah Ali Khamenei, deepening global uncertainty.
Oil futures on Monday jumped by over 8%, with West Texas Intermediate futures and Brent trading at $72.52 and $79.04 per barrel respectively.
European markets finished mixed as more earnings reports and economic data were in focus.