European Indexes Rise Sharply as Oil Slides

Dow Jones11-10

0821 GMT - European stock indexes open higher, buoyed by lower oil prices. All sectors except energy are in the green as the continentwide Stoxx Europe 600 gains 0.9%. London's FTSE 100 rises 0.7%. Energy-intensive defense group Rolls-Royce gains 2.8%, and banks rally sharply--Barclays gains 2.3%. Oil majors Shell and BP fall around 1.3%. Germany's DAX is 1.2% higher. Rheinmetall jumps 3.2%, while chip maker Infineon adds 4% after signaling strong AI-driven demand. In Paris, the CAC 40 gains 1.2% as luxury stocks recover losses from the previous session while banks and defense stocks also gain. LVMH is up 2%. Italy's FTSE MIB gains 1.3% and Spain's IBEX 35 adds 1.3%. The Dutch AEX rises 0.6% as semiconductor names gain.

 

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