European Stock Markets Plummet on Open: Uncover the Reasons Behind the Crash

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European Markets Plunge: US-Iran Tensions Trigger Massive Sell-Off

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CNBC Awaaz•03-03-2026, 14:33

European Markets Plunge: US-Iran Tensions Trigger Massive Sell-Off

•European stock markets opened with sharp declines due to escalating US-Iran conflict.
•STOXX Europe 600 dropped 1.8% at opening, marking a second consecutive day of significant pressure.
•Banking, insurance, and utility sectors saw heavy selling, with Germany and Italy experiencing the biggest falls.
•Middle East tensions, including drone attacks and threats to the Strait of Hormuz, fueled investor unease.
•Oil prices surged, raising inflation fears and driving investors to safe-haven assets like gold.

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