European stocks down, Brent reaches $100 per barrel

European stock markets opened again in negative territory on Friday, as investors continue to monitor the evolving conflict in the Middle East. Record levels for Brent, which reached a peak of $100 per barrel.

The CAC 40 recorded a drop of 0.50% (-40.17 points), showing a more marked correction compared to other markets.

The FTSE MIB opened slightly down by 0.07% (-31.48 points) at 44,424.70 points, while the FTSE 100 lost 0.15%

(-15.50 points), ending at 10,289.65 points. The DAX GR EUR fell by 0.40% (-95.50 points) to 23,494.15 points, and the IBEX 35 closed at 17,094.50 points, down 0.26% (-45.40 points).

Finally, the STOXX Europe 600 recorded a slight decline of 0.23% (-1.36 points) at 597.50 points. Overall, the day shows a moderate negative trend across Europe, with the CAC 40 and DAX among the most affected.

The main character, however, in this context, is is oil. The black gold keeps to capture investors’ attention: Brent has surpassed $100 per barrel, raising concerns about future prices.

Despite the announcement by the International Energy Agency last Wednesday, which plans to release significant global reserves, prices remain at record highs.

Benedetta Zimone