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European stocks fall amid Middle East deadlock
European stock indices declined slightly due to volatility in the Middle East issues and a slowdown in the artificial intelligence sector, with the Stoxx 600 down 0.2% and Germany's DAX down 0.3%, while the French CAC 40 remained unchanged. Tensions also increased as Hezbollah refused to accept ceasefire terms, impacting oil tanker movements through the Strait of Hormuz. As a result, Brent crude oil fell by 0.2% to $94.85 per barrel. European technology companies, such as ASML, Infineon, and STMicroelectronics, experienced technical corrections following disappointing results from American firm Qualcomm, leading to a decline in their shares between 3% and 5%.
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