economy
Universal Music slumps as Bill Ackman's Pershing Square offloads stake after failed takeovers
Tensions between Iran and the U.S. on Wednesday sent Asian stocks lower overnight, as European equity markets struggled for direction in morning trade.
TL;DR
- European stocks finished higher, reversing morning losses.
- Tensions between Washington and Tehran escalated.
- A ceasefire was agreed between Israel and Lebanon.
- Universal Music Group shares dropped after Pershing Square sold its stake.
- Nokia shares declined amid a global tech stock reversal.
- Oil prices fell following the Lebanon-Israel ceasefire announcement.