European equities show mixed moves as geopolitical tensions push oil prices higher, weighing on investor sentiment.
European markets traded cautiously as rising Middle East tensions lifted oil prices, offsetting modest gains in the pan-European Stoxx 600, which rose 0.07%. The pound slipped below $1.34, retreating from three-week highs amid the risk-off tone.
Germany’s DAX inched up 0.02%, while France’s CAC 40 declined 0.15%. The UK’s FTSE 100 dipped 0.13%, reflecting broader investor hesitation as energy prices climbed. Prior sessions had seen modest gains, but geopolitical risks tempered optimism.
No immediate market reaction was reported beyond the initial price moves.