European Stocks Close Weak As Middle East Tensions Hurt Sentiment

European stocks closed lower on Wednesday as concerns about Middle East tensions and worries about fresh tariff threat by the United State rendered the mood bearish. Investors also reacted to the regional PMI data.

Iran launched ballistic missiles in the Gulf region and U.S. retaliated by striking Qeshm Island, which directly blocks the entrance to the Strait of Hormuz, is also the base of the IRGC’s network of underground facilities and defensive positions across the island.