European equity markets closed the week in a narrow range, with major indices trading near their Thursday levels as investor sentiment remained cautious.
The Prague Stock Exchange posted a modest gain, driven by strength in domestic utilities and banking stocks, despite below-average trading volumes.
Brent crude futures settled around $76 a barrel, while West Texas Intermediate remained below $69.
Across the region, the broader sell-off that had weighed on technology shares earlier in the week stalled, leaving markets in a holding pattern ahead of the upcoming earnings season.
Brent crude futures settled around $76 a barrel, while West Texas Intermediate remained below $69.
The energy complex found support as markets absorbed a significant rebound in Persian Gulf supply, which helped offset earlier fears of disruption.
According to US sources cited by regional media, the situation in the Persian Gulf is not escalating further, allowing risk premiums to cool slightly.