economy
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%.