empty
 
 

2026.04.2216:09:08UTC+00European Stocks Drop for 3rd Session

European stocks fell for a third consecutive session on Wednesday, pressured by rising energy costs amid escalating geopolitical tensions in the Middle East. The Eurozone’s STOXX 50 declined 0.5% to 5,900, while the pan-European STOXX 600 slipped 0.3% to 614.

Oil and gas prices advanced after Iran attacked and seized commercial vessels near the Strait of Hormuz. The move came after US President Trump announced he would extend the ceasefire with Iran indefinitely, just ahead of its scheduled expiry, while maintaining the blockade at the key shipping chokepoint.

The risk-off mood weighed on consumer discretionary stocks, with LVMH and Adidas each dropping 2.5%. Higher energy costs also hurt industrials: Safran fell 3.5% and Airbus lost 2.5%. Meanwhile, Deutsche Telekom slid 4.6% on concerns over a potential merger with its US unit, T-Mobile.

In contrast, Siemens Energy jumped 7.1% after reporting strong results.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback