An investor walks past a screen displaying stock information at the Saudi Stock Exchange (Tadawul) in Riyadh, Saudi Arabia June 29, 2016. REUTERS/Faisal Al Nasser
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Europe's stock markets mostly retreated Tuesday on worries over simmering Middle East tensions, which are centered on Saudi Arabia and have catapulted oil prices to two-year peaks.Rising oil prices tend to boost the energy sector and in turn boost world stock markets.So far there have been no significant developments to upset the markets.Japan's number-one carmaker said its net profit rose 13.2 percent to 1.07 trillion yen ($9.4 billion) for the six months to September, citing a cheaper yen and cost-cutting efforts.
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