Stoxx 600, FTSE, DAX, CAC, Iran news
CNBC • • general
Key Points:
- European shares rose on Friday, with the Stoxx 600 up 0.6%, marking a potential fourth consecutive day of gains and a weekly increase of 2.25%.
- Puig shares plummeted 13.4% after talks with Estée Lauder about a potential business combination ended, while Estée Lauder's shares surged nearly 11% in premarket trading.
- U.K. retail sales dropped 1.3% in April, driven by a more than 10% fall in fuel sales amid motorists conserving fuel due to Middle East war-related price volatility.
- Oil prices continued to rise, with Brent crude up 1.2% to $103.77 a barrel, following Tehran's insistence on retaining enriched uranium, stoking fears of prolonged conflict and supply disruptions.
- European economic data showed slight improvements: German consumer confidence rose modestly, France's manufacturing climate index hit a four-month high, while U.K. borrowing exceeded forecasts, impacting government debt yields.