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The Economic Times

Top News / The Economic Times

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European shares snap 4-week rally as higher oil prices temper strong earnings

European stock markets closed in the red on Friday, breaking a four-week winning streak. The rise in crude oil prices and escalating geopolitical tensions overshadowed robust corporate earnings. Although the STOXX 600 index experienced a weekly decline, it remained close to record levels, buoyed by strong economic growth and profits across sectors. Investors began reallocating their portfolios, moving away from stocks related to artificial intelligence.

15 Aug 2026 10:38 am