European shares tick up as Middle East tensions wane

This post was originally published on this site

(Reuters) – European shares rebounded on Tuesday, snapping a two-day losing streak, as concerns over a U.S.-Iran standoff eased, while automobile stocks rose after Rolls-Royce (LON:) reported record annual sales.

A global selloff in stocks following the killing of a top Iranian general by the United States eased on Monday in the absence of any fresh developments in the standoff between the two countries.

The pan European STOXX 600 Index () rose about 0.5% by 0805 GMT, with German stocks () outperforming most peers.

The automobile subindex () rose 0.6% after British carmaker Rolls-Royce marked a 25% jump in 2019 sales, giving some comfort to the sector that has been plagued by slowing global demand.

Shares of Rolls-Royce owner BMW (DE:) rose about 0.8%.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment