European Stock Markets Rise Despite Higher Oil Prices
European stock markets rose on the day as investors appeared unfazed by a recent increase in oil prices. The UK's FTSE 100 gained 0.4%, driven by strong performance from homebuilders, who benefited from expectations of a revival in the Help to Buy scheme. Meanwhile, Germany’s DAX and France’s CAC both posted gains of 0.23% and 0.34%, respectively. Sterling weakened slightly against the US dollar, trading near $1.32 — close to its weakest level in three months. Despite concerns over rising oil prices, equity markets remained resilient as investors focused on domestic economic signals and policy expectations.
