Europe stocks extend declines in shadow of Middle East tensions; Ericsson up 8%, Dr Martens plunges 30%

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European markets opened lower Tuesday as investors closely follow developments in the Middle East.

index was down 1.3% at 9:10 a.m. U.K. time, with all sectors in the red. Mining stocks led losses, down 2.6%, as financial services fell 2.1%.Geopolitical tensions are high following Iran's extensive drone and missile attack on Israel Saturday night. Israel has vowed to retaliate but has signaled that it could bide its time. Allies have called for cool heads, warning that a much bigger war in the Middle East could be easily triggered.to Iran's air assault over the weekend.

In a Tuesday note, analysts at RBC flagged a negative sentiment on the stock and said markets would focus on the 2025 guidance in the short term.A staff wanted sign in the window of a restaurant in the Soho district of London, U.K., on Tuesday, Sept. 7, 2021.fell through December and January, to 74.5% from 74.8% in the prior measured period, figures released by the national statistics office showed.excluding bonuses was 6% between December 2023 and February 2024, down slightly from 6.

It was the first time the tech-heavy index slid below this key threshold since Nov. 3, 2023. If it closes below that level, it will be a first since Nov. 2, 2023. The index is up more than 30% in the past 12 months.

 

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