Euro Stocks Rise as Oil Prices Plummet to $91 a Barrel
European stocks have shown improvement as oil prices retreated from their previous highs. The pullback in oil prices offered some relief to investors who were concerned about inflation and bond-market pressures that had weighed on the region recently.
The Stoxx Europe 600 rose by 0.3% as of 8:17 a.m. in London, while Brent crude traded around $91 a barrel, down from Friday's high of $95.
Trading volumes remained subdued during the final week of August, indicating that market activity was still relatively low despite the price movements.