European Stock Futures Rise Up to 0.9% as Brent Holds Above $104 on Iran War Fears
Updated
Updated · CNBC · May 22
European Stock Futures Rise Up to 0.9% as Brent Holds Above $104 on Iran War Fears
9 articles · Updated · CNBC · May 22
Stoxx 50 and DAX futures climbed 0.9% early Friday, with CAC 40 futures up 0.8% and FTSE 100 futures 0.4%, putting Europe on course for a fourth straight daily gain.
Brent crude held slightly above $104 a barrel after Thursday's surge, as Tehran's reported insistence on keeping enriched uranium fueled expectations of a longer U.S.-Iran conflict and deeper oil-market disruption.
The Stoxx 600 is tracking a 2.25% weekly rise, even as investors brace for fresh readings on how higher energy costs are hitting demand and confidence across Europe.
Germany's June GfK consumer-confidence report, U.K. retail sales and public borrowing data, and French business-confidence figures are due later Friday; separately, Estée Lauder rose more than 10% after ending merger talks with Puig.
As war risks drive oil prices over $100, what is truly fueling Europe's surprising stock market rally?
With merger talks off, what is Spanish beauty giant Puig's next move to conquer the global market?
Iran is steps from a nuclear bomb. Can a full-scale Middle East war now be avoided?