economy
March 12, 2026
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.
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