European shares flat as investors await US-Iran talks at UN
Energy stocks gain on oil price rise amid expectations for diplomatic developments on Iranian supplies.
What to know
- European stocks opened flat on expectations for US-Iran diplomatic talks at the UN General Assembly this week.
- Energy stocks gained 0.4% as oil prices rose following increased supplies through the Strait of Hormuz.
- Retail sector outperformed with a 1.3% gain, driven by Kingfisher's profit guidance upgrade; insurance shares declined roughly 1%.
Kingfisher European home improvement retailer
How it unfolded 2 developments, newest first · click a bar or a number to jump articlesposts
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Kingfisher boosts retail sector with profit guidance upgrade
European retail shares rose 1.3%, led by gains in Kingfisher after the home improvement retailer raised its full-year profit guidance following a 9.9% increase in first-half earnings.
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https://www. europesays.com/3265854/ European shares muted as investors eye US-Iran talks # Economy # EconomyOfEU # EconomyOfEurope # EconomyOfEuropeanUnion # EconomyOfTheEU # EconomyOfTheEuropeanUnion # EUEconomy # Europe # EuropeMarkets # EuropeanMarkets # EuropeanShares # markets # OilPrices # USIran
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background
Oil prices gain as Strait of Hormuz supplies increase — Oil prices rose for the first time in five sessions after more supplies emerged through the Strait of Hormuz over the weekend, driving a 0.4% gain in European energy stocks.
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European shares open flat amid US-Iran talk expectations
The pan-European STOXX 600 opened flat at 642.32 points as investors awaited developments on potential US-Iran talks at the United Nations General Assembly. Most regional bourses remained muted.
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first by Investing.com News, 2d ago
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