European stocks are expected to start the new trading week heavily lower as traders track developments in the Middle East and a surge in oil prices.
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LONDON — European stocks are expected to start the new trading week heavily lower as traders track developments in the Middle East and a surge in oil prices.
The U.K.’s FTSE
index is seen opening 0.9% lower while Germany’s DAX
is seen down 2.67%, France’s CAC 40
The price of a gallon of Brent oil has jumped by nearly 30% in a week as prospects of a longer war set in.
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European stocks are set to rebound as traders continue to watch developments in the Middle East.
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