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The lights of Frankfurt’s banking skyline gleamed in the last rays of the sun.
Boris Roesler | Picture Alliance | Getty Images
LONDON — European stocks moved higher on Tuesday as investors assessed geopolitical risks and as British markets reopened after being closed on Monday for a national bank holiday.
At 8:49 a.m. London time, the pan-European Stoxx 600 index was up 0.21%, with all major regional indices in the green. Sectors were mixed, with mining stocks up 1.08%, retailers down 0.34% and technology stocks down 0.18%.
European stocks were mixed on Monday.
investor Continue to weigh geopolitical risks Israel and Hezbollah exchanged attacks over the weekend, raising concerns about a wider conflict in the Middle East.
The uncertainty led to higher oil prices on Monday. Oil prices retreated slightly on Tuesday, with Brent crude futures down 0.15% at $81.31 a barrel at 8:51 a.m. London time, and U.S. West Texas Intermediate crude futures down 0.31% at $77.18 a barrel.
In terms of European data, German Statistical Office The country’s second-quarter gross domestic product (GDP) final value was released on Tuesday, showing a 0.1% decline from the previous month. This is consistent with the preliminary second-quarter GDP figure released in July.
Separately, the Hungarian Central Bank is set to announce its interest rate decision soon.
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