No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
Market latest
FTSE 100 | FTSE 250 | Paris CAC 40 | Dow Jones | NASDAQ
10490.78 |
25.14 (0.24%)
23559.09 |
96.70 (0.41%)
52658.64 |
150.37 (0.29%)
26269.23 |
162.22 (0.62%)
8306.99 |
75.44 (0.90%)
NaN |
0.00 (0.00%)
Prices delayed by at least 15 minutes
(Sharecast News) - European stocks extended losses on Thursday as renewed geopolitical tensions and a global tech selloff weighed on sentiment across the region.
The benchmark STOXX 600 was down 0.48%, with all major bourses lower as traders adopted a cautious stance amid fresh inflation concerns.
Markets were unsettled after overnight US strikes on Iranian targets prompted Tehran to warn it could restrict regional energy exports. The prospect of disruption in the Strait of Hormuz pushed Brent crude back above $85 a barrel.
The rise in oil prices continued to fuel worries about inflation-led rises in interest rates as investors bet on central banks keeping policy tighter for longer. Ratesensitive sectors, including consumer discretionary, real estate and industrials, were among the early fallers, while travel and leisure names also retreated on the prospect of rising fuel costs.
Sentiment was also hit by another sharp selloff in Asia, where semiconductor and AIlinked stocks tumbled.
In equity news, shares in warehouse tech and online grocery firm Ocado slumped after half-year results.
Rotork surged by 66% after it agreed to be bought by Swiss engineering company ABB in a 4.1bn deal.
Reporting by Frank Prenesti for Sharecast.com
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.