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European Stocks Recover, Telecom Stocks Fall

Reuters ·

  1. 1European stocks recovered on Friday, with the STOXX 600 index rising 0.8% to 630.47 points.
  2. 2Oil prices fell by nearly 1% on Friday, easing concerns over Middle East supply.
  3. 3The telecom index fell 2.7% following SpaceX's deal to acquire a nationwide low-band frequency portfolio.

So what's the key point?

European stock markets have bounced back. This happened because falling oil prices reduced market anxiety.

Source Reuters · View original ↗

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