European stocks declined on Monday amid rising oil prices and a continued sell-off in the bond market, while inflation fears persisted with no signs of an agreement between the United States and Iran.
اضافة اعلان
The pan-European STOXX 600 index fell by 0.7% to 602.52 points by 07:03 GMT, after ending last week lower. Germany's DAX index dropped 0.5%, while France's CAC 40 lost 1%.
A drone attack caused a fire at a nuclear power plant in the UAE, while Saudi Arabia announced the interception of three drones. US President Donald Trump stated that Iran must act "quickly" amid an apparent stall in diplomatic efforts aimed at ending the crisis.
The US-Israeli war on Iran entered its third month, amid the inability of Tehran and Washington to reach a solution to end the conflict. The closure of the vital Strait of Hormuz continued, and rising energy prices fueled inflation concerns and bets on interest rate hikes by global central banks.
European stocks, given the region's reliance on oil imports, failed to return to pre-war levels, while global indices rebounded due to optimism driven by the artificial intelligence sector.
In early trading, AstraZeneca shares fell 0.8%. A drug for high blood pressure produced by the company received approval from the US Food and Drug Administration (FDA).
Shares of Sonova rose 4.1% after the world's largest hearing aid manufacturer projected higher sales and profits for the 2026–2027 fiscal year.
(Reuters)
