Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Europe open: Shares fall as oil prices, bond yields rise amid US-Iran stalemate

(Sharecast News) - European shares opened lower on Tuesday amid rising bond yields and higher oil prices as the supposed US-Iran 60-day "ceasefire" came to an end with zero progress made towards a peace deal and the Strait of Hormuz effectively closed. The pan-regional Stoxx 600 was down 0.24% to 654 at 0727 GMT with most major bourses lower. Spain's IBEX bucked the trend with a 0.14% gain.

Brent crude jumped 0.44% to $91 a barrel after Iran on Monday said it would shift ⁠to a "fully offensive" military stance, according to a senior Iranian official. The US ruled out an extension of the temporary ceasefire ⁠pact.

Tensions were further heightened when a cargo vessel was struck by a projectile while transiting the strait, the UK Maritime Trade Operations agency said on Tuesday.

Meanwhile, the US 30-year treasury bond yield hit its highest level since June 2007, reaching an intraday high of 5.321%.

In equity news, Royal Unibrew slumped after a target price cut by Nordea.

Reporting by Frank Prenesti for Sharecast.com

Share this article

Related Sharecast Articles

Europe close: Stocks rebound from two-month low after US inflation report
(Sharecast News) - European stocks advanced on Friday, bouncing off a two-month low, as falling oil prices provided some relief following a recent surge, while investors focused on interest rate projections following a key inflation reading in the States.
Director dealings: Applied Nutrition CEO, COO sell nearly £20m in shares
(Sharecast News) - Two board members of Applied Nutrition have sold nearly £20m of shares in the sports supplements manufacturer, the company revealed on Friday, as part of the first placing since its 2024 IPO.
FTSE 100 movers: Computacenter gains, LSEG in the red
(Sharecast News) - London's FTSE 100 was up 0.5% at 10,656.90 in afternoon trade on Friday.
Week ahead: BoE, Fed and BoJ policy announcements in focus
(Sharecast News) - Among the highlights next week will be policy announcements from the Bank of England, the US Federal Reserve and the Bank of Japan, as well as first-half results from housebuilder Barratt Redrow.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.