Global Market: European shares steady, set for weekly loss as oil surge, earnings keep investors cautious

European shares saw a rise on Friday, recovering from previous losses. Investors reacted positively to select corporate earnings reports and oil price concerns. Germany's DAX index climbed as SAP's cloud backlog growth exceeded expectations. Higher oil prices did not boost…

European shares remained flat as investors assessed rising oil prices. Escalating Middle East tensions and corporate earnings influenced market sentiment. Germany's DAX gained, boosted by strong results from software firm SAP. Energy stocks declined after Neste's profit missed…