Financial markets are once again trading in negative territory this Thursday, weighed down by rising geopolitical tensions in the Middle East, rising oil prices, and persistent concerns about inflation.
The Paris Stock Exchange opened lower before extending its losses as the morning progressed. More than 90 minutes after the market opened, the CAC 40 was down 0.42%, ending a five-day winning streak. Elsewhere in Europe, London was down 0.57%, Frankfurt 0.70%, and Amsterdam 0.52%.
Oil prices continue to soar
The main source of market jitters remains the situation in the Middle East. Military tensions are fueling fears of a prolonged disruption to energy supplies, pushing crude oil prices higher for a fourth consecutive session.
Oil prices remain high despite a slight technical pullback, with Brent down 0.74% to $84.43 per barrel and WTI down 0.52% to $79.58. This surge in energy prices is reigniting concerns about global inflation, while central banks remain cautious about any potential easing of monetary policy.
Discover our plans Subscribe for 1€ Become an active member of the community of luxury leaders.
Read also > [STOCK MARKET UPDATE] European stock markets rebound after yesterday’s drop
Featured photo : © Getty Images
