European Stocks Rose Cautiously in the Case of Jamal Khashvaji

European shares are cautiously higher than the 22-month low, with a focus on developments in the case of  Jamal Khashvaji

In morning trade on Tuesday to continue their gains for the second session in a row, recovering from a 22-month low, as the market remains focused on the disappearance of Saudi journalist and prominent opposition figure Jamal Khashvaji.

 

The Dow Jones Stoxx Europe 600 rose by more than 0.2% to 10:35 GMT, and the index ended yesterday’s session up by 0.1%, its first gain in four sessions, having earlier recorded the lowest level since December 2016 .

Stoxx Europe lost 4.8% last week, its third consecutive weekly loss, and the biggest weekly loss since February, driven by open sales that dominated most of the global equity markets.

The Stoxx Europe Index rose Tuesday morning, extending for a second straight session, with most of the major bourses and sectors in the Green Zone.

The gains remain limited as the market focuses on the disappearance of the Saudi journalist and prominent opposition figure Jamal Khashvaji, which sparked a wave of angry international protests against Saudi Arabia’s leaders.

Jamal Khashfji is a prominent opponent of Saudi Crown Prince Mohammed bin Salman and resident of the United States of America. He disappeared since October 2 after entering the Turkish consulate in Istanbul. Turkish authorities confirmed that Khashveji was killed and his body was removed. Saudi Arabia denies this allegation  strongly right Now.

NBC News reported on Monday that the Saudi government was considering a plan to recognize Khashchafji was killed inside its consulate by mistake, according to three unidentified sources familiar with the matter.

S & P 500 futures rose more than 0.5%, and the index ended yesterday’s session on Wall Street down 0.6%, near the three-month low.

The Euro Stoke 50 rose more than 0.3%. In France, the CAC 40 index rose 0.3%. In Germany, the DAX added 0.4%. In London, the FTSE 100 lost 0.3%.

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