European shares drop 1.4 percent on Iran war concerns
The STOXX 600 fell 1.4 percent on Friday as stalled U.S.-Iran talks fueled inflation fears. Tech and material shares led the decline across regional indexes.
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The STOXX 600 fell 1.4% to 607.70 points on Friday morning as a diplomatic deadlock between the United States and Iran fueled inflation fears. European benchmarks are tracking toward a weekly loss despite the strongest corporate earnings growth since 2022. Energy supply risks threaten to force the European Central Bank into June interest rate hikes.
