As investors throughout the continent were shaken by the aftermath of a tumultuous weekend of US and Israeli strikes on Iran, European markets crashed on Monday. With the wider pan-European Stoxx 600 trailing closely behind at -1.8%, the Euro Stoxx 50 lost 2% at the opening, and the selling doesn’t appear to be abating.
Fearing an intensifying conflict that has slowed shipping through the Strait of Hormuz and dragged Hezbollah into the fight on Sunday, regional indexes from Frankfurt to Paris to Milan are all in the red. The FTSE 100 in London is responding more steadily, dropping by about 0.3%.
Spain’s IBEX 35 fell more than 2%, the Netherlands’ NL 25 fell more than 1%, and Italy’s FTSE MIB fell almost 1.8%. Japan’s Nikkei 225 was already plunging before European markets opened, and it is already down more than 2.3%. The E-mini S&P 500 fell more than 1.6% and the E-mini NASDAQ fell more than 2% as US futures opened lower on Sunday. Japan’s Nikkei 225 was already plunging before European markets opened, and it is already down more than 2.3%.
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