{"id":3412,"date":"2026-07-20T07:35:18","date_gmt":"2026-07-20T07:35:18","guid":{"rendered":"https:\/\/usmovingexpertss.com\/?p=3412"},"modified":"2026-07-20T07:35:18","modified_gmt":"2026-07-20T07:35:18","slug":"european-shares-inch-lower-as-middle-east-jitters-lift-oil-tech-earnings-loom","status":"publish","type":"post","link":"https:\/\/usmovingexpertss.com\/?p=3412","title":{"rendered":"European shares inch lower as Middle East jitters lift oil; tech earnings loom"},"content":{"rendered":"<article><!-- --><!-- --><!-- WPS-5038 -- removed the script from WPS and added the placeholder for trinity player --><!-- --><!-- --><!-- --><!-- --><!-- --><!-- --><!-- CONTENT --><!--[--><!--[--><\/p>\n<p>European shares edged down on Monday, as an escalating U.S.-Iran conflict drove oil prices higher, stoking concerns over inflation ahead of another corporate earnings season. <\/p>\n<p>Read more <a href=\"https:\/\/usmovingexpertss.com\/?p=3410\">US strikes Iran for ninth day; Iran says two oil tankers in Strait of Hormuz exploded and immobilised<\/a><\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>The pan-European STOXX 600 index was down 0.2% at 640.45 points by 0703 GMT.<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>U.S. strikes on Iran entered a ninth straight day, and risks to shipping through the Strait of Hormuz mounted after reports of tankers being immobilised, which sent Brent crude prices above $90 a barrel for the first time in a month. [O\/R]<\/p>\n<p><!--]--><!--[--><\/p>\n<p>Energy stocks rose 1.4%, while travel and leisure stocks fell 1.3%. Ryanair led losses on the STOXX 600, down 4.6% after the budget airline reported a 34% drop in first-quarter profit, hurt by higher fuel costs and lower fares.<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>Meanwhile, tech stocks were up 0.4%, ahead of earnings from U.S. Big Tech stocks, which could provide fresh stimuli to an eye-popping AI-driven rally. Last week, an upbeat forecast from ASML and stellar results from TSMC failed to impress. <\/p>\n<p>Read more <a href=\"https:\/\/usmovingexpertss.com\/?p=3408\">Oil jumps 3% as US, Iran expand strikes in the Middle East<\/a><\/p>\n<p><!--]--><!--[--><\/p>\n<p>Focus will also be on the European Central Bank&#8217;s meeting later this week, where the central bank is widely expected to hold interest rates steady.<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>(Reporting by Tharuniyaa Lakshmi and Purvi Agarwal in Bengaluru; Editing by Harikrishnan Nair)<\/p>\n<p>Read more <a href=\"https:\/\/usmovingexpertss.com\/?p=3406\">Police cane supporters of India\u2019s cockroach movement as thousands gather for march<\/a><\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p><i> Copyright Reuters or USA Today Network via Reuters Connect.<\/i><\/p>\n<p><!--]--><!--]--><!-- --><!-- --><!-- --><!-- --><\/article>\n","protected":false},"excerpt":{"rendered":"<p>European shares edged down on Monday, as an escalating U.S.-Iran conflict drove oil prices higher, stoking concerns over inflation ahead of another corporate earnings season.<\/p>\n","protected":false},"author":1,"featured_media":3411,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-3412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>European shares inch lower as Middle East jitters lift oil; 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