European Markets Close Weak On Geopolitical Tensions, High Oil Prices

The ECB kept key interest rates unchanged, but European markets closed notably lower amid rising Middle East tensions and a surge in oil prices. The move lifts inflation concerns and increases the risk of renewed rate-hike expectations by major central banks, pressuring equities into the close.

Analysis

The ECB kept key interest rates unchanged, but European markets closed notably lower amid rising Middle East tensions and a surge in oil prices. The move lifts inflation concerns and increases the risk of renewed rate-hike expectations by major central banks, pressuring equities into the close.