economy
European stocks finish lower as oil prices jump despite reserve release
European stocks ended Thursday's session lower as investors monitor the Iran war and global oil prices.
TL;DR
- European stocks fell about 0.7% as investors watched the Iran war and oil prices.
- Bank stocks dragged down the index due to concerns about Middle East exposure.
- Oil prices increased, with Brent crude hitting $100 a barrel, despite the IEA's planned oil reserve release.
- The Trump administration launched new trade investigations into the EU and other economies.
- Leonardo reported strong revenues and profit, expecting further growth.
- Abivax shares rose on takeover rumors, which the company denied.
- BMW exceeded profit expectations but cited tariff-related burdens affecting its automotive division.
- HSBC shares dropped after closing Qatar branches, raising concerns about its Middle East exposure.
- Savills announced a $1.1 billion takeover but saw its shares decline.