European energy stocks rose after oil prices increased following comments by U.S. President Donald Trump that a ceasefire agreement with Iran had ended. According to Jin10, energy shares advanced across major European markets, while semiconductor stocks pared earlier gains.
In London trading, BP rose 3.45% and Shell gained 1.6%. TotalEnergies climbed 3% in France, Repsol rose 4% in Spain, and Eni gained 3.7% in Italy. Norway's Equinor added 4%.
European semiconductor shares gave back earlier advances. ASML was up 1.6% earlier in the session but was last up 0.4%. Smaller rival ASM International was up 0.1% earlier but was last down 1.2%. BE Semiconductor Industries was up 0.9% earlier and was last flat. STMicroelectronics was up 1.9% earlier and was last up 0.5%.
STOCKS | European Energy Stocks Rise as Oil Prices Climb; Chip Stocks Give Back Gains
2026-07-08 09:10:34
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