European Stocks Fall to Three-Week Low Amid Iran Conflict
The STOXX 600 fell 0.6 percent as regional sentiment hit a three-year low due to the Iran war. Investors remain cautious ahead of central bank policy meetings.
European equities hit a three-week low Wednesday as the STOXX 600 fell 0.6% to 602.96 points amid conflict in Iran. Regional indices now sit 5% below pre-war levels, underperforming peers in the United States as energy costs drive inflation. Investors are pivoting toward defensive positioning ahead of a critical European Central Bank (ECB) rate decision and U.S. tech earnings.
### Energy Costs Drive German Inflation Germany reported higher inflation for April as surging energy prices weighed on the Global X DAX GERMANY ETF. The index fell for an eighth consecutive session, marking its longest losing streak since 2020. Eurozone economic sentiment dropped to a 42-month low this month.
