Europe Stocks Rise on Oil Retreat, PMI Data in Focus

Pan-European STOXX 600 rose 0.4% as oil prices extended their decline, driven by prospects of increased Gulf supplies. Investors are closely watching S&P Global’s flash September purchasing managers’ index (PMI) survey for the euro zone for insights into economic health. A sustained decline in oil prices could ease global inflation pressures, potentially reducing safe-haven demand for gold and offering some stability to currencies like the PKR by lowering import costs.

بحوالہ / Source: www.brecorder.com