European Market Review

European stock markets are into a falling mode as most market analysts took into serious consideration the attack that took half of Saudi Arabia’s oil output offline.

The rising tensions in the Middle East affected the oil production and prices as a result.

The German DAX lost 0.58%, the French CAC-40 dropped 0.64% to 5611.5 and the British FTSE-100 declined 0.36% to 7341.02.

The broader Stoxx Europe-600 slipped 0.63% to 389.31 in a move that masked a major split.U.K. Prime Minister Boris Johnson yesterday reiterated that the next few days would be key to securing a Brexit deal. This comes as he is about to meet with the top European leadership.

The coming news from Rome suggest that former Prime Minister Matteo Renzi could break away from the ruling Democratic Party (PD) to set up a new centrist party.