economy
March 11, 2026
European markets close lower as traders monitor Iran war developments
European stocks finished Wednesday down, as traders monitor intensifying operations in the Middle East.
TL;DR
- European stocks (Stoxx 600) fell 0.8% due to Middle East operations.
- US markets (Dow, S&P 500) edged lower ahead of consumer inflation data.
- Rheinmetall reported strong sales and profits but saw its shares drop nearly 8%.
- Porsche plans cost cuts and expansion after a challenging 2025.
- Inditex shares rose 0.7% on solid first-quarter earnings.
- The International Energy Agency agreed to release 400 million barrels of oil from emergency stockpiles.
- Brent crude and WTI prices rose significantly due to supply disruption fears related to the Iran war.
- US forces reported sinking Iranian ships near the Strait of Hormuz.
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