European stocks fall across the board
European stocks experienced a slight decline due to escalating tensions between the United States and Iran in the Middle East, which led to oil prices rising above $90 per barrel for the first time in a month. This increase raised inflation risks ahead of the earnings season for quarterly reports. The STOXX 600 index fell by 0.2%, with Ryanair shares suffering significant losses of 4.6% after announcing a 34% drop in first-quarter profits due to rising fuel costs and falling ticket prices. Meanwhile, energy company stocks rose by 1.4%, and expectations are that the European Central Bank will keep interest rates unchanged at its upcoming meeting.
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