LONDON — European stocks moved tentatively higher Friday as traders continue to monitor the escalating conflict in the Middle East and look ahead to the latest U.S. jobs report.
The pan-European Stoxx 600 was up 0.35% in early deals, with sectors and major bourses diverging.
Oil and gas stocks added 0.74%, continuing their rally on supply constraint concerns after U.S. President Joe Biden suggested Israel could target Iran's oil industry. On the other end, media stocks fell 0.44%.
Shares of Danish shipping giant Moller-Maersk fell more than 8% before paring losses slightly after U.S. dockworkers and the United States Maritime Alliance agreed on Thursday to a tentative deal on wages, bringing to a close their three-day strike and easing pressures on the sector.
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