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European Shares Touch Two-Week Lows on Middle East Conflict
The pan-European STOXX 600 fell 1.5%, its worst day in over seven months, amid fears the Middle East conflict could disrupt shipping and supply chains.
- On March 2, 2026, the pan-European STOXX 600 fell 1.5% to 623.98, its lowest since mid-February, while Germany's.GDAXI slid to a three-week low and France's.FCHI and Spain's.IBEX dropped to multi-week troughs.
- Amid weekend attacks, Tehran launched missile barrages, with Paolo Zanghieri saying, `The coordinated attacks by Israel and US on Iran are explicitly aimed at regime change and will likely last much longer than the limited action seen in 2025.`
- Airlines and travel stocks were hammered, with Lufthansa tumbling 11%, IAG down 5% and Air France-KLM 7%, while HSBC, Barclays and Standard Chartered fell 4–5% as the broader banking index dropped 3.6%; luxury groups LVMH and Kering lost 4% and the broader retail sector shed 3.6%.
- Energy majors Shell , BP and TotalEnergies rose 2% to 4%, lifting the energy index 2.2% to a record, while the defense sector gained 0.2% and shipping stocks like Hapag-Lloyd climbed 4.5%.
- With markets fragile after February's churn, the shock amplifies near-term risks as maritime routes pressure raises freight costs and investors face key inflation releases this week.
Insights by Ground AI
22 Articles
22 Articles
The pan-European Stoxx 600 index fell 3.18%, Frankfurt's DAX retreated 3.44%, London's FTSE 100 dropped 2.75%, and Paris's CAC 40 declined 3.46%.
·Brazil
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European markets continue to be negative in the face of the uncertainty generated by Israel and the United States' attack against Iran, which has already widened the conflict in the Middle East region.
·Portugal
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Even before the conflict began, news and price reactions were in a bad relationship. This results in a certain investment strategy, analyzed Handelsblatt editor Ulf Sommer.
·Düsseldorf, Germany
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Coverage Details
Total News Sources22
Leaning Left1Leaning Right5Center6Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
C 50%
R 42%
Factuality
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