European Stocks Set for Biggest Monthly Drop Since 2020
2026-03-31 07:35
By
Joana Taborda
1 min. read
European stocks were subdued on Tuesday, with the STOXX 50 slipping 0.2% and the STOXX 600 hovering around the flatline, as investors assessed the latest developments in the war with Iran.
The WSJ reported that US President Trump told aides he would be willing to halt US operations against Iran even if the Strait of Hormuz remained closed, noting that efforts to force Tehran to reopen the critical oil chokepoint could prolong the conflict.
On the data front, inflation in France rose more than expected in March, reaching 1.7%, driven largely by higher energy prices.
Energy and technology stocks were the worst performers, while consumer non-cyclicals posted gains.
STMicroelectronics (-3%), NXP Semiconductors (-2.2%) and ASML Holding (-2.2%) were among the worst performers and TotalEnergies (-0.6%) and Siemens Energy (-2%) were also lower.
Considering the March month, the STOXX 50 tumbled almost 10% and the STOXX 600 is down more than 8%, the sharpest monthly declines since 2020.