European Stocks Plummet

2026-03-03 16:49 By Andre Joaquim 1 min. read

European stocks sank on Tuesday, extending the sharp decline from the last session as risks that the war in Iran will result in an energy supply shock dented the outlook for European growth.

The Eurozone fell 3.5% to 5,776 and the pan-European STOXX 600 fell 3.2% to 604.

Iranian forces continued to strike GCC energy infrastructure and formally threatened vessels crossing the Strait of Hormuz in the war's fourth day, driving European natural gas benchmarks to more than double since last Friday.

Banks led the losses as the possibility of higher inflation drove traders to price rate hikes and trigger a selloff in European bonds.

Santander lost 6.2% while BBVA and UniCredit fell 5%.

Power-hungry industrials and chemicals producers also slumped, with Siemens, Schneider, and Bayer dropping more than 5%.

Rate expectations also tilted to the hawkish side after Eurozone inflation surprised to the upside on February.



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European Stocks Plummet
European stocks sank on Tuesday, extending the sharp decline from the last session as risks that the war in Iran will result in an energy supply shock dented the outlook for European growth. The Eurozone fell 3.5% to 5,776 and the pan-European STOXX 600 fell 3.2% to 604. Iranian forces continued to strike GCC energy infrastructure and formally threatened vessels crossing the Strait of Hormuz in the war's fourth day, driving European natural gas benchmarks to more than double since last Friday. Banks led the losses as the possibility of higher inflation drove traders to price rate hikes and trigger a selloff in European bonds. Santander lost 6.2% while BBVA and UniCredit fell 5%. Power-hungry industrials and chemicals producers also slumped, with Siemens, Schneider, and Bayer dropping more than 5%. Rate expectations also tilted to the hawkish side after Eurozone inflation surprised to the upside on February.
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