economy
European markets finish lower amid Iran peace talks uncertainty
European stocks closed lower on Thursday as investors weigh mixed messages on the status of Middle East peace talks.
TL;DR
- European stocks closed 1.2% lower on Thursday, with most major bourses and sectors declining.
- Miners and technology stocks led the losses, falling 3.4% and 2.3% respectively, as risk-off sentiment returned.
- British retailer Next reported strong earnings and raised guidance, its shares rising 4.2%.
- European rival Hennes & Mauritz announced subdued sales, with its shares falling over 2%.
- Market volatility is linked to contradictory statements from the U.S. and Iran regarding peace talks.
- The G7 foreign ministers meeting in France will focus on the wars in Iran and Ukraine, with other nations in attendance.