economy
European stocks close higher as Iran war concerns weigh on sentiment
European stocks finished higher on Tuesday as investors digest the latest developments in the Iran war.
TL;DR
- European stocks closed higher, with most sectors finishing in the green.
- Major bourses in Frankfurt, Paris, and Milan gained, while the U.K.'s FTSE 100 fell.
- Global markets were shaken by developments in the Iran war, including attacks on the UAE and U.S. naval actions.
- U.S. President Trump issued warnings to Iran regarding targeting U.S. ships.
- Vodafone will take full ownership of its VodafoneThree joint venture for £4.3 billion.
- Unicredit reported its best quarter on record, with net profit growing 16.1% year-on-year.
- Rheinmetall's stock rose after releasing first-quarter earnings, though revenue fell short of market expectations.
- HSBC reported first-quarter pretax profit, marginally missing analysts' estimates.