economy
March 5, 2026
European stocks close lower as Iran war continues to dominate sentiment
European stocks finished lower on Thursday as markets followed unsettling geopolitical developments in the Middle East.
TL;DR
- European stocks fell on Thursday, with the Stoxx 600 closing 1.4% lower.
- Market participants closely followed geopolitical developments in the Middle East, specifically the U.S. and Israel's conflict with Iran.
- Spain's IBEX 35 also closed 1.4% lower following President Trump's criticism of Spain's refusal to allow U.S. forces access to its bases.
- German tank maker Renk reported strong revenue growth for fiscal year 2025, but its shares fell 11.4%.
- Oil prices increased, with Brent crude up 3.7% and West Texas Intermediate up 6%.
- U.S. equities also traded lower, with the S&P 500 down approximately 0.7%.
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