European shares slide a second day as Brent tops $110 on Houthi attacks
The STOXX 600 fell 0.6% as Brent hit a five-month high above $110 a barrel after Houthi strikes on Saudi energy targets, per Reuters.
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what happened
European shares fell for a second straight day on Tuesday, with the STOXX 600 down 0.6% after almost 1% losses on Monday. Chipmakers ASML and ASMI dropped more than 3%, Reuters reported.
Brent rose above $110 a barrel, its highest level in five months, after Iran-aligned Houthis said they had attacked Saudi energy, airport and military sites. The euro gained 0.2% to $1.122 while the dollar index slipped 0.2% to 101.77. French bond yields eased after their biggest one-day rise in roughly a month, as protests highlighted the struggle to shrink the budget deficit. Gold lost 0.4% to $4,122 an ounce and bitcoin fell 0.7% to $81,339.5.
why it matters
Investors are weighing whether costly oil and doubts about returns on AI spending can be offset by strong quarterly results. Higher energy costs add inflation pressure, so attention is turning to ECB and Bank of England speakers and to rate expectations in the euro zone and Britain.
market impact
European equities and Brent: high oil prices weigh on risk appetite
tags
instruments
sources
- Shares slide again as oil stays high; AI earnings in focus — Reuters, 20 October 2026 at 09:18 UTC
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