European stocks rise on falling oil
European stocks ended today, Friday, ending a three-week losing streak, as oil prices declined to their lowest levels in several weeks. Despite this, the STOXX 600 index gained 0.4% during the session and increased by 0.5% for the week. This comes amid investor concerns over developments in the Middle East and rising bond yields. Energy company stocks fell by 1.3%, while banking and financial services stocks saw significant gains. Oil prices remain near $100 per barrel, with expectations of interest rate hikes due to increasing prospects of tightening monetary policies by central banks in the Eurozone.
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