Oil shares lead charge as crude hits new 3-year highs – Reuters
- Date: 27-Sep-2021
- Source: Reuters
- Sector:Financial Markets
- Country:Gulf
Oil shares lead charge as crude hits new 3-year highs – Reuters
LONDON, Sept 27 (Reuters) - World shares rose on Monday, led by sharp gains in energy shares as crude oil prices soared to three-year highs of almost $80 a barrel while European stocks firmed after Germany's election results ruled out chances of a purely left-wing coalition.
Stock markets benefited too from an ostensible easing in Sino-U.S. tensions and Chinese authorities' decision to pump more cash into financial markets to potentially offset the fallout from embattled real estate firm China Evergrande Group (3333.HK).
German shares jumped 1.1% (.GDAXI), while a pan-European equity index was up half a percent (.STOXX).
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