Oil price declines boost European stock markets, with most sectors rising

Golden Ten Data, July 27｜Boosted by a sharp decline in oil prices, European stock markets generally rose across all sectors except for the energy sector, driving major indices higher. The STOXX Europe 600 Index rose by 0.85%. The UK FTSE 100 Index increased by 0.5%, with energy-intensive company Rolls-Royce surging 3.4% and British Airways parent company IAG up by 4%. However, declines in major oil companies’ share prices limited overall gains, as BP fell by 3.8%. Germany’s DAX Index rose by 1.35%, with SAP gaining 3.1%. France’s CAC 40 Index climbed 0.9%, defense group Thales increased by 3.1%, and luxury goods stocks also rallied. Spain’s IBEX 35 Index advanced 1%, while Italy’s FTSE MIB rose 0.55%. The Netherlands’ AEX Index increased by 0.4%, with ASML rising 0.8%.