European Stock Markets Dropped to Their Lowest Levels Since Late July
European shares dropped on Wednesday to their lowest in more than a month after crude prices surged above the key US$100 a barrel mark as escalating middle East tensions heightened inflation concerns and dampened risk appetite, Reuters reported.
The pan-European Stoxx 600 was down 1.4% at 640.41 points, hitting the lowest since late July. Most of the regional bourses also traded sharply lower.
Finland’s blue chips were a bright spot, firming 0.8% to hit their highest in nearly three months.
Energy was the only sector in positive territory, up 0.3%, while all other major sectors declined.
Related Topics
- Middle East
- July
- All
- Recent Stories
Recent Stories from Middle East:
- Guterres urges leaders to invest in peace as conflicts deepen (1 hour ago)
- Paris Saint-Germain open Champions League campaign with win over Slovan Bratislava (2 hours ago)
- Dubai Municipality strengthens construction capabilities through Singapore cooperation (3 hours ago)
- Barcelona, Stuttgart win in UEFA Champions League (4 hours ago)
- Marlan Space, Loft Orbital to build world’s largest AI satellite infrastructure (4 hours ago)
- Diesel Was Rs286 and Petrol Rs258 per Litre in February, Now Rs393 and Rs364: Faisal Islam (4 hours ago)
- Maryam Nawaz’s Plane Incurs Rs35 Lakh Parking and Rs78 Lakh Fuel Costs in London (4 hours ago)
- UAE–German ties: Decade of strategic partnership, political dialogue, economic growth (5 hours ago)
- European Commission confirms stable oil supplies (5 hours ago)
- Oil Could Reach $120, Raising Pressure on Petrol, Electricity and Essentials in Most Countries (5 hours ago)
- Apple Introduces First Foldable ‘iPhone Duo’ (5 hours ago)
- 22nd Sharjah Narrative Forum begins in Amman (5 hours ago)
More Stories from Middle East
- Iraq plans to increase oil exports via Syria and Türkiye to 1 million barrels (49 seconds ago)
- Record number of attacks on education, global fund warns (16 minutes ago)
- Apple joins foldable phone race with passport-shaped iPhone Duo (16 minutes ago)
- US stocks close lower (46 minutes ago)
- Oil prices continued to rise, with Brent crude futures breaching $100 a barrel (46 minutes ago)
- OECD: Governments remain central to fostering competitiveness, innovation in space economy (46 minutes ago)
- Goods barometer points to resilient trade growth despite headwinds (1 hour ago)
