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European stocks extend longest losing streak since 2025
The sharp escalation in the war in the Middle East has led to a decline in European stocks, with the Eurostoxx 600 index reaching its lowest level since early August and on track to record its longest losing streak since November 2025 if the losses continue. Iran announced its shift to a military offensive stance after the collapse of diplomatic negotiations, amid fears of strikes on energy facilities, which caused oil prices to rise to their highest level since July 30. This situation threatens inflation and adds to the economic uncertainty in Europe.
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