European Stocks Fall, Risk-Off Sentiment Strengthens
European stocks started the week lower as risk-off sentiment spread across global markets. The STOXX 50 Index fell 1.3% and the STOXX 600 fell 0.8%, with investors remaining focused on escalating tensions in the Middle East and the lack of progress toward de-escalation.
US President Donald Trump's renewed pressure on Iran to move quickly toward a peace agreement added to market caution. This geopolitical uncertainty maintained volatility and led investors to reduce exposure to risky assets.
On the corporate side, several large-cap stocks weighed on the index. ASML fell 2.7% despite announcing a partnership with Tata Electronics to develop semiconductor manufacturing capabilities in India.
LVMH fell more than 2% after reports emerged of plans to sell its Marc Jacobs brand to WHP. Meanwhile, Ryanair fell 2.6% after releasing its annual results and stating that it was too early to provide profit guidance for the current fiscal year. (asd)
Source: Newsmaker.id
