Updated Oct. 18, 2023 12:31 pm ET
The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
1146 ET – European stocks drop as investors ponder the continuing shockwaves from Middle East unrest. The Stoxx Europe 600, FTSE 100, DAX and CAC 40 retreat about 1% and the Dow, S&P 500 and Nasdaq fall. Construction and property stocks are among the biggest losers and airlines and airports hit headwinds amid concerns about the impact of the Israel-Hamas conflict on air travel. “European markets are on the back foot as the Middle-East political temperature ratchets up further following the Gaza hospital bombing,” CMC Markets analyst Michael Hewson writes. “Reports of airport shutdowns in France due to terror threats, which are weighing on airlines, haven’t helped sentiment.” Still, oil shares advance as Brent crude increases 1.6% to $91.30 a barrel. (philip.waller@wsj.com)
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