European Stocks Rally as Oil Prices Recede

Dow Jones
Sep 22

1131 GMT - European equities indexes rise as a sharp fall in oil prices supports energy-sensitive stocks on the continent. Technology and industrial stocks rally as the Europe-wide Stoxx 600 adds 0.35%, while clothes retailers also jump. Germany's DAX reverses earlier losses to move up 0.4%. Retailers Zalando and Adidas gain 4.45% and 3.2%, respectively. The CAC 40 adds 0.5% in Paris, boosted by a recovery in luxuries. Software group Capgemini rises 1.75%. London's FTSE 100 nudges up 0.1%, with gains for consumer-facing stocks outweighing a slip in oil majors. British Airways-owner IAG adds 2.9%. Italy's FTSE MIB slips 0.2%, while the Spanish IBEX 35 gains 0.8%, boosted by a 4.2% gain for Puig Brands. The Dutch AEX gains 0.7% as AI-linked stocks gain momentum. ASML adds 0.4%.

 

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