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EUROPE BEFORE THE BELL: OIL UP, SHARES DOWN
European shares are set for a softer open on Tuesday as index level moves continue to be largely set by the price of oil, which was on the rise once again.
Brent was at $104 a barrel, reversing some of the previous day's losses, as Tuesday saw no let-up in attacks by both sides in the war now into its third week. The Strait of Hormuz remains largely closed off, with U.S. allies rebuffing Trump's request for help to reopen the critical waterway.
Euro STOXX 50 futures STXEc1 fell 0.3% after the index had risen by a similar amount on Monday. .STOXX50E Futures on the defensive and energy heavy FTSE100 were down less, off 0.1%. FFIc1
In terms of company specific news there isn't a great deal out there, so it's going to be another day where everything really depends on oil. Tech stocks might see some moves after Nvidia NVDA.O said the revenue opportunity for its artificial intelligence chips may reach at least $1 trillion through 2027.
(Alun John)
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FOR EARLIER LIVE MARKETS POSTS:
MORNING BID: CENTRAL BANKS GIRD FOR OIL SHOCKS AS RBA VOTES 5-4 TO HIKE CLICK HERE
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