European Shares Fall Amid Middle East Tensions and ECB Hikes
European shares fell 1% as Middle East tensions and high oil prices fueled inflation fears. Investors expect ECB rate hikes while US tariffs weigh on markets.
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The STOXX 600 fell 1% to 605.51 on Monday afternoon as Middle East hostilities and rising oil prices weighed on European equities. It marks the largest one-day decline in 30 days for the pan-European benchmark. Investors are now pricing in three ECB rate hikes this year to combat energy-driven inflation.
