Summary of European markets close 1% lower as investors focus on Middle East escalation
Summary of European markets close 1% lower as investors focus on Middle East escalation
The source article:
European stocks closed lower due to the conflict in the Middle East, with the Stoxx 600 ending 1% down. Construction and materials were hit hard, while oil and gas stocks gained. Auto stocks plummeted on news of potential EU tariffs on Chinese EV makers. The ongoing Middle East conflict, with Israel targeting Beirut, impacted investor sentiment. In the US, stocks dipped following higher-than-expected jobless claims, in anticipation of the upcoming September payrolls report.
The source article:
quoting nevent1q…z6ulEuropean markets close 1% lower as investors focus on Middle East escalation
European stocks closed lower Thursday as conflict in the Middle East weighed on regional investor sentiment.
https://www.cnbc.com/2024/10/03/european-markets-stocks-news-data-and-earnings.html
European stocks closed lower due to the conflict in the Middle East, with the Stoxx 600 ending 1% down. Construction and materials were hit hard, while oil and gas stocks gained. Auto stocks plummeted on news of potential EU tariffs on Chinese EV makers. The ongoing Middle East conflict, with Israel targeting Beirut, impacted investor sentiment. In the US, stocks dipped following higher-than-expected jobless claims, in anticipation of the upcoming September payrolls report.