European stocks traded mixed amid Middle East tensions and lower German Ifo Business Climate index.

European stocks traded in mixed territory amid rising Middle East tensions, with the Stoxx 600 index gaining slightly. Germany's Ifo Business Climate index hit its lowest point since February, while oil prices increased due to conflict concerns. Markets assessed potential effects of anticipated rate cuts on European borrowing costs. In Asia-Pacific, markets were mixed, and German Ifo survey showed business sentiment decline.

August 26, 2024
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