European Markets Rise on Economic Data, Iran Sanctions

noticiasaominuto.com (Portuguese)

European stock markets opened higher on Tuesday, buoyed by fresh economic data and anticipation of US measures regarding Iran. The EuroStoxx rose 0.33% to 656.39 points, with Milan leading gains at 0.56%. Spain's producer price index climbed to 9.2%, while Germany's GDP grew 0.3% quarter-on-quarter in Q2. Brent crude fell 0.9% below $92 after the US announced sanctions on countries supporting Iran, though military action remains possible. The euro traded at $1.1166. Gold and silver declined, while bitcoin rose 2.14% to $80,710.4 after hitting $81,000, its highest since May. US markets closed mixed on Monday, with the Dow up 0.26% and the Nasdaq down 0.76%.


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