Oil and miners drag on European stocks
European stocks are down 0.3% this morning, with oil majors weighing on the index while real estate stocks have got a lift
- Dec 2, 2022,
- Updated Dec 2, 2022 3:29 PM IST
European stocks are down 0.3% this morning, with oil majors weighing on the index while real estate stocks have got a lift.
The STOXX 600's soft open is still not enough to wipe out the index's seventh consecutive weekly gain of around 0.4%, however.
Sector-wise, real estate is making the biggest gains, up 1.1%, while oil and gas is the worst performer, down 1.8%. Basic resources is also struggling, down 0.9%.
On a weighted basis, oil majors Shell and BP are weighing down the index, dropping 1.9% and 2.7% respectively.
Oil and miners are also providing a drag on the FTSE, down 0.4%, while the UK's FTSE 250 mid-cap index is up 0.35%, helped by AJ Bell AJBA.L shares which are up over 10% after Jefferies upgraded the investment platform to "buy" from "hold".
European stocks are down 0.3% this morning, with oil majors weighing on the index while real estate stocks have got a lift.
The STOXX 600's soft open is still not enough to wipe out the index's seventh consecutive weekly gain of around 0.4%, however.
Sector-wise, real estate is making the biggest gains, up 1.1%, while oil and gas is the worst performer, down 1.8%. Basic resources is also struggling, down 0.9%.
On a weighted basis, oil majors Shell and BP are weighing down the index, dropping 1.9% and 2.7% respectively.
Oil and miners are also providing a drag on the FTSE, down 0.4%, while the UK's FTSE 250 mid-cap index is up 0.35%, helped by AJ Bell AJBA.L shares which are up over 10% after Jefferies upgraded the investment platform to "buy" from "hold".