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Global Market: European shares flat as oil prices offset bond market relief

News Snapshot:

European shares were little changed on Thursday as concerns over rising oil prices and persistent inflation offset support from a recovery in global bond markets following intervention by the US Treasury, Reuters reported.The pan-European STOXX 600 index was flat at 651.44 points as of 0708 GMT, with investors weighing renewed pressure from energy markets against improving sentiment in government bonds.US President Donald Trump warned of economic consequences for countries providing support to Iran, as Washington seeks to resolve its conflict with Tehran, which it entered alongside Israel nearly six months ago. The geopolitical uncertainty continued to keep oil prices elevated.Brent…

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