The STOXX 50 fell 0.7% to 5,230 points on Thursday, while the broader STOXX 600 dropped 0.6%, as market sentiment was dampened by ongoing tensions in the Middle East and concerns over potential U.S. involvement. Investors also reacted to the latest U.S. Federal Reserve decision.
The conflict between Israel and Iran continues to escalate, with U.S. President Trump warning that the U.S. could potentially join Israeli airstrikes on Tehran. At the same time, Trump noted that Iranian officials have expressed interest in holding talks, while EU leaders are scheduled to engage in nuclear discussions with Iran on Friday.
Meanwhile, the Federal Reserve kept interest rates steady on Wednesday, with Fed Chair Powell saying that he expects upward pressure on inflation, driven in part by the Trump administration's proposed tariffs. In corporate news, Stora Enso shares jumped nearly 15% after the Finnish forestry company announced a strategic review of its Swedish forest assets. (alg)
Source: Trading Economics
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