European stocks hold steady amid oil price dip

European stocks rose slightly as oil prices declined, despite ongoing tensions in the Gulf region and the difficulty in reaching a peace agreement between the United States and Iran, along with disruptions to shipping traffic through the Strait of Hormuz. The Stoxx 600 index increased by 0.2%, while investor sentiment remained weak due to uncertainties regarding developments in the Middle East and a drop in oil prices following lowered global demand growth forecasts. The energy sector declined by 0.7%, whereas the banking sector rose by 1.2%. Additionally, shares of major companies like Maersk and A.P. Moller-Maersk gained due to increased shipping demand and strong revenue growth, while Swissquote's stock fell due to weak cryptocurrency assets.

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