International Business: European shares bounce after volatile week – Gulf Digital News
International Business: European shares bounce after volatile week – Gulf Digital News
Oil stocks fuelled a rebound in European equities on Monday from sharp losses late last week when uncertainty over the Omicron variant and the direction of US monetary policy had weighed on investor sentiment.
The pan-European STOXX 600 (.STOXX) rose 0.6% after ending last week with slight losses.
The oil & gas sector (.SXEP) climbed 1.7%, lifted by a more than $1 a barrel gain in crude prices after top exporter Saudi Arabia raised prices.
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