European shares defy global slump amid Mideast tensions, energy stocks jump
- Posted on October 2, 2024
- By Business News Today
- 4 Views
European shares defy global slump amid Mideast tensions, energy stocks jump
European shares rise, led by energy and defence sectors, amid escalating Middle East tensions after Iran's missile strike on Israel. STOXX 600 climbs 0.3%, with energy sector up 2.4%, and defence firms like Rheinmetall, Saab, and BAE Systems gaining 2-3%. ECB interest rate cuts anticipated.
