European stock markets opened higher Friday as oil prices fluctuated and investors monitored the ongoing U.S. conflict with Iran. The pan European Stoxx 600 rose about 0.5 percent in early trading, according to CNBC.
Germany’s DAX gained roughly 0.6 percent, while London’s FTSE 100 climbed 0.2 percent. France’s CAC 40 and Italy’s FTSE Mib also posted modest gains. The rebound follows a turbulent week as global markets reacted to the outbreak of war between the United States and Iran.
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Despite Friday’s rise, the Stoxx 600 is still on track for a weekly loss of about 4.6 percent. That would mark its steepest decline since April, when markets were rattled by fears of a U.S. China trade conflict.
Oil prices remained volatile. Brent crude hovered around $85 per barrel, while West Texas Intermediate traded near $81, CNBC reported.
Defense Secretary Pete Hegseth said Thursday the U.S. campaign against Iran has “only just begun,” signaling continued military pressure. Investors are also watching economic data from Germany, the United Kingdom, and the euro zone.
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