Pan-European STOXX 600 falls as US-Iran talks stall and earnings season intensifies
Updated
Updated · WTAQ · Apr 28
Pan-European STOXX 600 falls as US-Iran talks stall and earnings season intensifies
11 articles · Updated · WTAQ · Apr 28
The STOXX 600 slipped 0.3% to 606.94 points after US officials rejected Iran's latest proposal to delay nuclear talks until the war ends.
Investor caution increased amid central bank meetings, ongoing corporate earnings, and the closed Strait of Hormuz, which has driven oil prices higher and reignited inflation concerns.
While Wall Street has rebounded from March’s selloff, European stocks remain below pre-war levels; BP rose 2.3% on strong profits, Novartis fell 4.5%, and Norwegian Air Shuttle climbed 4% on improved results.
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How vulnerable is the global economy to single chokepoints like the Strait of Hormuz?
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