European STOXX 600 Hits Two-Week Low on Mideast Tensions
The STOXX 600 index fell 0.7 percent as rising oil prices and a global tech selloff weighed on markets. Italian lender Monte dei Paschi di Siena surged 10.7 percent following a 30.6 billion euro takeover bid from Intesa Sanpaolo while investors await the European Central Bank rate decision.
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The STOXX 600 fell 0.7% to 618.42 points on Monday morning as Middle East tensions and a tech selloff weighed on European equities. The pan-European index hit its lowest level in two weeks during the morning. The decline follows a weekend of escalating conflict and a global retreat from AI-related stocks.
