European stock exchanges reversed the initial downward trend, because of news about the US. Most of the sectors followed this behavior, with the exception of the banking that was kept pressed. Leading the gains was the energy sector, fueled by news that the United States will have required all countries to fully halt their imports of Iranian oil by November 4 if they want to avoid US sanctions, reinstated after Washington’s withdrawal from the agreement with Tehran. The price of oil rose more than 2% in international markets. In Italy, Saipem rose more than 5%, in Amsterdam Royal Dutch Shell rose 2.48% and in London BP advanced about 3%.
According to Reuters, US officials have said the US government will use an improved security review process to deal with China’s investment threats to acquire US technology instead of imposing specific restrictions.