Little profits were noted by the European sharesafter completing losses last week, with the rise associated with some corporate news to compensate for limited losses from the increase in geopolitical tensions in the Middle East.
The Pan -European Stoxx 600 index rose 0.2% to 545.87 points at 10:06 am Greece, starting a week on positive territory.
Kering’s share of Gucci, a 7.2% jumping after a report that Luca de Meo would become the new CEO after he managed to resolve the problematic Renault. OR share of the French automobile industry fell 5.6%. According to another report, Japanese Nissan plans to reduce its rate in Renault.
In the meantime, geopolitical tensions continue to be in the spotlight. Iranian missiles hit Tel Aviv and the Israeli port of Haifa before early morning. The escalation of tensions raises further concerns in the markets that are already facing the impact of changes in US tariff policy.
The energy industry was among the highest profits, up 1.1%.
At the same time, the shares in Tel Aviv began today’s marginal meeting, with investors expressing the belief that Israel will prevail in its war to eliminate the Iranian nuclear program.
The TEL AVIV 35 high-capitalization index opened with 0.3% while the wider TA-125 index rose by 0.4%.
At the first meeting since the attacks between Israel and Iran began, the key indicators raised up to 0.5% yesterday, Sunday, recovering from the 2% initial losses.
Source: Skai
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