European Markets Close Sharply Lower On Middle East War Worries

European equities closed sharply lower after a severe escalation in Middle East tensions pushed oil prices higher and raised inflation concerns, triggering a risk-off reaction. A hawkish tone from U.S. Fed Chair Jerome Powell compounded selling pressure, further weighing on risk assets and yields.

Analysis

European equities closed sharply lower after a severe escalation in Middle East tensions pushed oil prices higher and raised inflation concerns, triggering a risk-off reaction. A hawkish tone from U.S. Fed Chair Jerome Powell compounded selling pressure, further weighing on risk assets and yields.