Bullet points of European markets close 1% lower as investors focus on Middle East escalation
Bullet points of European markets close 1% lower as investors focus on Middle East escalation
- European stocks closed lower with the Stoxx 600 ending 1% down due to the conflict in the Middle East.
- Construction and materials sectors were heavily affected.
- Oil and gas stocks saw gains.
- Auto stocks plummeted upon news of potential EU tariffs on Chinese EV makers.
- Investor sentiment was influenced by the ongoing conflict in the Middle East, particularly with Israel targeting Beirut.
- In the US, stocks dipped after higher-than-expected jobless claims, ahead of the upcoming September payrolls report.
- European stocks closed lower with the Stoxx 600 ending 1% down due to the conflict in the Middle East.
- Construction and materials sectors were heavily affected.
- Oil and gas stocks saw gains.
- Auto stocks plummeted upon news of potential EU tariffs on Chinese EV makers.
- Investor sentiment was influenced by the ongoing conflict in the Middle East, particularly with Israel targeting Beirut.
- In the US, stocks dipped after higher-than-expected jobless claims, ahead of the upcoming September payrolls report.