European stocks mixed, Ifo Business Climate Indicator drops, oil prices rise amid Middle East tensions.

European stocks traded in mixed territory, with the Stoxx 600 index rising slightly and Germany's Ifo Business Climate Indicator falling to its lowest since February. Amid rising Middle East tensions, oil prices increased due to concerns of a broader conflict. Markets assessed potential Fed rate cuts' impact on European borrowing costs, and U.S. 10-year Treasury yield saw a slight decrease.

August 26, 2024
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