Core Viewpoint - European stock markets opened sharply lower due to surging oil prices, driven by fears related to Iran [1] Group 1: Market Performance - Spain's IBEX 35 index fell by 3%, with major banks like Santander down 4.4% and BBVA down 3.5% [1] - The German DAX index decreased by 2.7%, led by Siemens Energy which slid 7.25% and Heidelberg Materials down 4.5% [1] - The French CAC 40 index dropped by 2.6% [1] - The Italian FTSE MIB index fell by 2.5%, with UniCredit declining by 4% [1] - The London FTSE 100 index was down 1.7%, impacted by a 5.1% drop in Rolls Royce, although gains from oil majors BP and Shell somewhat mitigated losses [1] - The Dutch AEX index decreased by 1.9%, with ASML, Europe's most valuable company, falling by 5% [1]
European Stocks Tumble at Open as Oil Surges
Barrons·2026-03-09 08:55