Lates News

Rising oil prices dragged down industrial stocks and consumer-sensitive stocks, leading to a lower opening for European stocks. The release of a large number of corporate financial reports also caused significant fluctuations in individual stocks. The German DAX index, which is dominated by industrial stocks, fell by 1%, with automobile stocks plummeting after Volkswagen announced a decline in first-quarter revenue. The French CAC 40 index dropped by 1.2%, with bank stocks declining and Credit Agricole falling by 4.7%. Stellantis fell by 7.4% after announcing its performance. The UK's FTSE 100 index remained flat as gains in oil giants offset losses in other sectors of the index. The Spanish IBEX 35 index opened with a drop of over 3%, dragged down by bank stocks, with Santander falling by 2.7%. The Italian FTSE MIB index fell by 1.2%.