The prospect of a prolonged Iran war and elevated oil prices is prompting stock investors to reassess a broader array of industries, including less obvious targets from food delivery firms to cosmetics makers as supply disruption intensifies.
The prospect of a prolonged Iran war and elevated oil prices is prompting stock investors to reassess a broader array of industries, including less obvious targets from food delivery firms to cosmetics makers as supply disruption intensifies.
European stocks extended declines after Iranian Supreme Leader Mojtaba Khamenei said the Straight of Hormuz should stay closed, adding to concerns over disruption to global oil supplies.
Submarine components supplier Gabler Group AG’s shares closed below their IPO offer price, erasing early gains and underperforming other defense stocks as the market debut was caught in a broader selloff.
A U33 submarine of the 1st Submarine Squadron with the German President onboard is pictured during a visit of the German Navy in Eckernfoerde, northern Germany, on June 13, 2023. As part of the "Ortszeit Deutschland" format, German President Frank-Walter Steinmeier regularly moves his official residence to various locations in Germany for three days in order to talk directly to citizens and gain a direct impression of the opinions, concerns and wishes of people in the region. From June 13 to June 15, 2023, the Federal President visits the port city of Eckernfoerde in Schleswig-Holstein. (Photo by Axel Heimken / AFP) (Photo by AXEL HEIMKEN/AFP via Getty Images) Photographer: AXEL HEIMKEN/AFP
European stocks posted their biggest two-day drop since April as conflict in the Middle East intensified, casting doubt over the inflation and monetary policy outlook.
The Euronext exchange in Paris. Photographer: Nathan Laine/Bloomberg
JPMorgan Chase & Co. analysts are telling investors to buy European oil and gas stocks like Shell Plc or TotalEnergies SE, arguing that US military strikes on Iran could keep energy prices elevated.
European shares gained as positive earnings boosted chemicals and utilities. Bank stocks slid after JPMorgan Chase & Co.’s Jamie Dimon said he’s seeing parallels to the era before the 2008 financial crisis.
Gabler Group, a maker of submarine technology components that derives most of its revenue from defense contracts, announced plans for an initial public offering in Frankfurt.
A sign for for Deutsche Boerse AG outside the Frankfurt Stock Exchange in Frankfurt. Photographer: Alex Kraus/Bloomberg
In what’s turning out to be a great quarter for corporate earnings growth, company executives and investors alike are focused on something else entirely: the threat from artificial intelligence.
European stocks fell as sentiment took a hit from weak US jobs data, with investors also tracking a busy slate of earnings and key interest-rate decisions. Novo Nordisk A/S dropped as a US competitor plans to offer cheaper copies of its new weight loss pill.
German Chancellor Friedrich Merz said the reform of the European Union’s capital markets is key to reviving the bloc’s ability to compete with other parts of the world.
German Chancellor Friedrich Merz delivers a speech at the annual reception of the stock exchange operator Deutsche Boerse in Eschborn, Germany, on Feb. 2. Photographer: Kirill Kudryavtsev/AFP/Getty Images
Asta Energy Solutions AG surged in its Frankfurt trading debut on Friday, showing strong demand for the copper-based products maker’s shares.
Skyscrapers stand illuminated at dusk in the financial district beside the River Main in Frankfurt, Germany, on Monday, July 1, 2019. Following the collapse of merger talks between Deutsche Bank and Commerzbank, German Finance Minister Olaf Scholz changed his message from supporting a national champion to backing a cross-border merger. Photographer: Alex Kraus/Bloomberg
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