European stocks open lower as Gulf hostilities escalate

AI Summary

European stock markets opened lower amid escalating hostilities in the Gulf, threatening a fragile ceasefire and possible peace agreement between the U.S. and Iran. The Stoxx 600 and Germany's Dax indices both declined as investors reacted to the geopolitical tensions.

European stock markets declined at the open following an escalation in hostilities in the Gulf, potentially imperiling a fragile ceasefire between the U.S. and Iran as well as possible peace agreement between them. Track European shares with InvestingPro By 03:02 ET (07:02 GMT), the pan-European Stoxx 600 had slid by 0.4%, the Dax in Germany ...