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European shares snap 4-week rally as higher oil prices temper strong earnings

European stock markets closed in the red on Friday, breaking a four-week winning streak. The rise in crude oil prices and escalating geopolitical tensions overshadowed robust corporate earnings. Although the STOXX 600 index experienced a weekly decline, it remained close to record levels, buoyed by strong economic growth and profits across sectors. Investors began reallocating their portfolios, moving away from stocks related to artificial intelligence.

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Economic TimesLean R·2h ago
European shares snap 4-week rally as higher oil prices temper strong earnings
European stock markets closed in the red on Friday, breaking a four-week winning streak. The rise in crude oil prices and escalating geopolitical tensions overshadowed robust corporate earnings. Although the STOXX 600 index experienced a weekly decline, it remained close to record levels, buoyed by strong economic growth and profits across sectors. Investors began reallocating their portfolios, moving away from stocks related to artificial intelligence.
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European shares snap 4-week rally as higher oil prices temper strong earnings

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European shares snap 4-week rally as higher oil prices temper strong earnings

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