European Stocks Plunge 1.8% in Early Trade as Middle East Conflict Enters Fourth Day, Oil Surges, and Strait of Hormuz Closure Rattles Global Markets
European equities opened sharply lower on Tuesday, with the pan-European StoXX 600 index down 1.8% shortly after the bell, extending Monday’s 1.6% decline. The selloff was broad-based and severe, with banking stocks falling 2.7%, insurance stocks 3.3%, and utilities 2.4% — reflecting fears of prolonged energy price spikes, inflation pass-through, and supply-chain disruptions from the […]
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