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European stocks fall in worst two-month week
European stocks declined sharply during the week, recording their worst performance in two months, due to escalating tensions in the Middle East and rising global oil prices. The geopolitical escalation and U.S. threats against Iran led to an increase in Brent crude prices to approximately $93.12 per barrel, the highest level in a month, with weekly gains exceeding 5%. Concerns over prolonged disruptions in oil supply and decreased activity among oil tankers also put additional pressure on energy markets. Meanwhile, global bond markets experienced an uptick in yields, reducing the attractiveness of European equities, as markets remained tense due to continued interest rate hikes and rising inflation. Overall, these geopolitical and economic events have led to a deterioration in European market performance, with persistent growth and inflation risks in particular.
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