economy
European stocks finish in mixed territory amid volatile trading
Stocks listed in Europe recovered some early losses on Thursday before closing the session in mixed territory.
TL;DR
- European shares closed mixed after a volatile session due to U.S.-Iran war escalation fears.
- Germany's DAX fell 0.8%, while the UK's FTSE 100 rose 0.7% due to its oil and gas weighting.
- President Trump's comments on the war led investors to defensive positions.
- Oil prices surged, with Brent crude jumping over 6% to top $107.
- Markets also reacted to potential new U.S. tariffs on pharmaceutical companies.
- Shell is reportedly in talks with Venezuela regarding offshore natural gas fields.
- Ryanair CEO warned the UK is vulnerable to jet fuel shortages due to the Iran war.