European markets closed weak on Tuesday, weighed down by concerns about valuations of tech stocks amid skepticism over spending in AI infrastructure, and fears of possible interest rate hikes by the Federal Reserve. Weak regional PMI data hurt as well.
Also, despite the reported “encouraging progress” in peace efforts, conflicting reports on the reopening of the Strait of Hormuz rendered the mood cautious.
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Market Analysis
European Markets Close Lower On Rate Concerns, Weak Regional PMI Data
2026-06-23 17:30:16
