European shares rose, led by oil sector gains amid Middle East conflict concerns and positive earnings.
European shares rose, driven by gains in the oil sector due to Middle East conflict concerns and positive earnings updates. The pan-European STOXX 600 index increased 0.4%, with oil and gas stocks rising 1.3%. Philips and Merck shares surged after reporting better-than-expected quarterly results, while Heineken and Reckitt Benckiser stocks fell due to disappointing earnings and lawsuits.
July 29, 2024
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