News & Analysis for Stocks, Crypto & Forex | investingLive
European stock market open: Stocks rally as oil retreats and US futures climb
xCruzo Brief
European equities opened the week higher as easing oil prices and firmer U.S. futures improved sentiment. Most major benchmarks were up broadly: Eurostoxx gained 0.9%, Germany’s DAX rose 0.8%, France’s CAC 40 added 0.6%, the UK’s FTSE climbed 0.4%, Spain’s IBEX increased 0.7%, and Italy’s FTSE MIB was up 0.7%. The key tailwind came from crude, with Brent down around 2% near $102, helped by signs Saudi supply flows could recover and Gulf exports holding up. Bond markets were steadier than last week, with 10-year Treasury yields at 4.97% and German 10-year yields at 3.47%.
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