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Jakarta, RakyatNTT.ID – The European stock market rally came to a halt as the pan-European STOXX 600 index closed nearly unchanged, with investors adopting a cautious stance amid rising geopolitical uncertainty linked to Donald Trump’s policy moves.
Market sentiment weakened following reports of a $2 billion Venezuelan oil import agreement, which sparked fears of a potential surge in global oil supply. The news sent oil prices sharply lower and dragged down major energy stocks, with Shell and BP each falling more than 3 percent.
Despite pressure on the energy sector, economic data from the euro zone offered a contrasting signal. Euro zone inflation slowed to 2 percent, providing a boost to property-related stocks. However, the same data weighed on banking shares, which tend to benefit from higher interest rate expectations.
Overall, the STOXX 600 slipped marginally by 0.05 percent, or 0.29 points, to 604.99, just one day after posting its highest closing level on record.
Performance across major European markets was mixed. Germany’s DAX index rose 0.92 percent, gaining 230.06 points to close at 25,122.26. Meanwhile, stock markets in Spain and Italy fell 0.29 percent and 0.43 percent, respectively, after all three markets had reached record highs in the previous session.
In France, data showed consumer confidence improved in December, though the CAC 40 index ended almost flat, edging down 0.04 percent, or 3.51 points, to 8,233.92. Britain’s FTSE 100 underperformed, declining 0.74 percent, or 74.52 points, to 10,048.21.
On the corporate front, Thales emerged as the top performer, surging 8.3 percent after announcing the sale of strategic assets. In contrast, Nestlé shares came under pressure amid negative sentiment surrounding product recall concerns.
Overall, European markets appear to be entering a consolidation phase, as investors digest labor market data and reassess the implications of evolving U.S. policy dynamics and global geopolitical risks. (*/rnc)
WA Channel
Ikuti Kami
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