ArmInfo. European stock markets fell sharply for the second day in a row on Tuesday amid the escalation of the Middle East conflict, with the decline significantly worsening compared to the previous session.
Investors are concerned about the consequences of the military conflict, which has drawn many countries into the region.
The Stoxx Europe 600, a composite index of the region's largest companies, fell 3.08% to 604.44 points by the close.
The UK's FTSE 100 lost 2.86%, Germany's DAX lost 3.63%, France's CAC 40 lost 3.43%, Italy's FTSE MIB lost 3.96%, and Spain's IBEX 35 lost 4.42%.
Investors fear a protracted military phase of the conflict, which has already led to a sharp rise in oil and natural gas prices. Inflationary pressures that could arise from rising energy prices will force leading global central banks, including the European Central Bank, to pursue tighter monetary policy, experts warn.
