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European stocks decline on Middle East concerns
European stocks declined sharply, with the Stoxx 600 index falling by 0.9% to 616.04 points. This came amid escalating tensions in the Middle East and a more than 4% surge in oil prices following attacks between Iran and the Zionist entity. The events led to declines in airline and technology stocks, as investors are currently focused on the European Central Bank's interest rate decision scheduled for Thursday, with a consensus expectation of a 25 basis point increase.
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