President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
* Italy's PD, 5-Star on verge of govt deal
* STOXX 600 set to extend 3-day losing streak
* London under-performs; investors return from long weekend (Adds comment, updates prices)
Aug 27 (Reuters) - European markets eased off their lows on Tuesday, as Italian stocks rallied on hopes that a snap election could be avoided by an arrangement to form a new government in Rome.
Milan's FTSE MIB rose 0.7% as the ruling 5-Star Movement and the opposition Democratic Party (PD) appeared on the verge of a deal after the PD indicated it had abandoned a veto on Giuseppe Conte serving another term as prime minister.
"Markets are pricing in the prospect that we might not see new elections," said Michael Hewson, chief market analyst at CMC Markets in London.
"Personally, I think any collaboration would in all likelihood be highly unpopular, and while it would keep the party in power in the short term, it would in all probability guarantee their electoral demise in the long term."
The pan-European STOXX 600 index was down 0.09% by 0805 GMT after paring losses of almost 0.3%, with London's FTSE 100 index slipping 0.4%.
British stocks - HSBC Holdings Plc, British American Tobacco and AstraZeneca - fell between 0.3% and 1.3%, and were the biggest drags on the STOXX 600.
Worries that major economies are on the brink of a recession has put the European market on pace to end August about 4% lower, but hopes that major central banks and governments would step in to counter the impact of trade war limited losses.
Heightened U.S.-China trade tensions drove a near 0.6% fall initially on Monday, but stocks stabilized to close marginally lower after U.S. President Donald Trump predicted a trade deal with China.
"There is noise about a slightly more emollient tone from President Trump towards China, but nothing has really changed. They've retaliated, the ante has been upped and things have gotten worse than where we were a week ago," said Hewson.
In a bright spot, Flughafen Zuerich rose about 4% and was the biggest gainer on the STOXX 600, after the Zurich airport operator posted better-than-expected first half results. (Reporting by Amy Caren Daniel and Medha Singh in Bengaluru; Editing by Bernard Orr and Arun Koyyur)