- European shares steadied on Tuesday as investors sought refuge in oil stocks and defensive sectors after attacks on Saudi Arabian oil facilities over the weekend heightened political tensions.
“Markets definitely have calmed down from yesterday’s shock and will now focus on central banks again and await decisions there,” said Teeuwe Mevissen, senior market economist at Rabobank. The pan-European index was trading flat at 0845 GMT after scaling six-week highs last week. The index has gained 15% so far this year.
Among other stocks, Husqvarna fell 6.5% after the Garden equipment maker set new financial goals starting from 2020.
Source: News Formal (newsformal.com)
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