European stocks close lower as Israel-Iran conflict dominates focus
European markets close lower
European markets closed lower Thursday as investors reacted to the Bank of England’s monetary policy decision and the ongoing Israel-Iran conflict.
The pan-European Stoxx 600 index provisionally closed down by 0.8%, with most sectors and major bourses in negative territory. The French CAC 40 index slumped 1.3% while Germany’s DAX was off by 1.1%.
By sector, travel and leisure stocks were the biggest losers, declining 2.4%. Oil and gas shares were the standout gainers, climbing 0.7% on the back of rising crude prices.
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