Increasing tensions between Saudi Arabia and the West


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The pan-European Euro Stoxx 600 index was unchanged, with sectors and stock markets pushing in different directions. Telecom's values ​​significantly outperformed in morning trading as Enel's shares rose 2.7% after announcing an increase in its stake in its Chilean subsidiary.

The market remains focused on the disappearance of a leading journalist critical of Saudi Arabia's policies earlier this month. This disappearance caused an international outcry against the pivot of OPEC, which shook the financial markets.

Jamal Khashoggi – an American resident and prominent critic of Crown Prince Mohammed bin Salman – disappeared after entering Saudi Arabia's consulate in Istanbul, Turkey, on 2 October. The Turkish authorities claim that Khashoggi was murdered and his body removed. Saudi Arabia has fiercely denied this.

However, NBC News reported on Monday that the government was considering a plan to admit that Khashoggi was killed inside his consulate, according to three anonymous sources familiar with the case.

Back in Europe, investors continued to monitor an apparent stalemate in the Brexit negotiations. The status of the Irish border after Brexit remains a difficult point for negotiators before the critical summit of European leaders on Wednesday.

In the individual stock information, Meggitt shares rose 5.7% after UK engineering updated its revenue outlook for the year.

Ocado's shares also grew about 5% after the delivery company received a favorable upgrade from investment bank Merrill Lynch.

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