European Stock Markets Slide, Post Weekly Losses

European stock markets dropped sharply on Friday, with major indices recording weekly losses following high volatility triggered by the war on Iran and a resurgence in oil prices amid the ongoing conflict in the Middle East.اضافة اعلان

The pan-European STOXX 600 index fell by 1.10%, with most major exchanges and nearly all sectors ending in negative territory, according to CNBC.

The German DAX fell 1.13%, closing at 23,547.51 points, while the British FTSE 100 lost 1.02% to reach 44,152.26 points. The French CAC 40 also declined by 0.65%, ending the session at 7,993.49 points.

Capital markets concluded a volatile week characterized by a broad-based sell-off of assets following the outbreak of the US-Iranian war.