European stocks are experiencing declines while Asian markets are displaying mixed results. Oil prices continue to rise.
European Stocks Dynamics
European stock markets mostly displayed declines. In early trading, the DAX in Germany fell by 0.2% to 24,236.16. London’s FTSE 100 also decreased by 0.2%, settling at 9,269.31, and Paris’ CAC 40 dropped 0.5% to 7,931.26.
Asian Market Conditions
Asian markets moved in different directions. Tokyo’s Nikkei 225 dropped 0.6% to 42,610.17 amidst a decline in factory activity. The Hang Seng index in Hong Kong was down 0.2% to 25,104.61, while the Shanghai Composite edged up 0.1% to 3,771.10. Australia’s S&P/ASX 200 advanced by 1.1%, exceeding 9,000 due to positive economic data.
Increase in Oil Prices
Oil prices continued to rise for a second consecutive day, driven by tightening U.S. supply. Brent crude was priced above $67 per barrel, rising 1.6% previously. Despite the recent uptick, prices remain down over 10% since the start of the year, and traders are assessing risks related to U.S. trade policies impacting global growth.
Markets continue to fluctuate while awaiting new guidance on U.S. interest rates and the dynamics of oil production and trade relations.
