European stocks fall sharply as Middle East conflict jolts markets

European stocks tumbled on Monday as investors fled risk assets following coordinated US and Israeli strikes on Iran, rattling global markets and ending a record-setting rally.

Germany’s DAX fell 2.5 per cent in early trading, while France’s CAC 40 dropped 2.1 per cent. The U.K.’s FTSE 100 slid 0.8 per cent.

The decline marks a sharp reversal after European shares closed at all-time highs on Friday, capping an eighth consecutive month of gains fueled by resilient corporate earnings. The pan-European STOXX Europe 600 had just notched its longest monthly winning streak since 2012–2013 before geopolitical tensions triggered a broad selloff.

Attribution: Investing.com