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European stocks drop in worst two-month week

European stocks drop in worst two-month week

The article explains that European stocks experienced their worst weekly performance in two months due to escalating geopolitical tensions in the Middle East and rising oil prices, especially after the United States threatened to wage an economic war against Iran. This led to an unprecedented increase in Brent crude oil prices over the past month, with forecasts of long-term disruptions in global oil supplies. Additionally, German and American bond yields rose, weakening European stock markets and dampening hopes for a swift recovery in the financial markets.

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