European stocks hit near record highs
European stocks rose slightly near new record levels, supported by gains in the energy and technology sectors, as oil prices continued to increase for the fourth consecutive session. The Euro Stoxx 50 index reached a record high, with energy stocks climbing 1.3% following the rise in oil prices, as Brent crude gained 3% to $86.03 per barrel. This comes amid Iran’s insistence on its conditions before reopening the Strait of Hormuz. Markets are also awaiting important economic data this week, amid concerns about the impact of the Middle East conflict on global markets.
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