European Shares Hover Near Two-month Low As Iran Crisis Deepens

European stocks plunged to a two-month low as investors priced in a prolonged Middle East conflict. A higher energy-risk premium could lift oil and gas prices, exacerbate inflationary pressures and threaten regional economic growth, putting further downside risk on European equities and other risk assets.

Analysis

European stocks plunged to a two-month low as investors priced in a prolonged Middle East conflict. A higher energy-risk premium could lift oil and gas prices, exacerbate inflationary pressures and threaten regional economic growth, putting further downside risk on European equities and other risk assets.