European stocks rise on lower oil
European stock market trading session ended on a positive note, supported by a fourth consecutive session of falling oil prices. The STOXX 600 rose by 1% to reach 642.07 points, marking the largest increase since early July. Major indices such as the German DAX, French CAC 40, and British FTSE 100 also advanced, with the technology and banking sectors growing by around 1.7%, driven by strong demand for semiconductor and artificial intelligence stocks. Oil prices declined to their lowest levels in 12 days, with Brent crude and West Texas Intermediate falling below $100 per barrel amid expectations of improved supply and diplomatic progress regarding tensions in the Middle East. Additionally, the market is closely watching the anticipated meeting between U.S. President Donald Trump and Chinese President Xi Jinping to discuss the future of trade and economic relations between the two countries.
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