European Stocks Drop for 7th Session

2026-04-28 16:07 By Andre Joaquim 1 min. read

European stocks closed lower for a seventh session on Tuesday on the consistent threat that tight energy supply may drive stagflation.

The Eurozone's STOXX 50 dropped 0.3% to 5,843 and the pan-European STOXX 600 fell 0.3% to 607.

The US and Iran remained in impasse over the conditions to end their conflict, extending the rally to key energy prices that European economies import.

The increase took place despite the UAE's exist from OPEC and OPEC+.

ASML and Siemens Energy sank more than 3% each, tracking AI hardware and power operators across the globe on reports that OpenAI missed its internal targets, which back concerns that AI infrastructure spending levels may be unwarranted.

In the meantime, Air Liquide dropped 3.2% after missing its revenues estimates for the last quarter, although the company signaled higher investment levels.

Also, Bayer lost 4.6% after the US Supreme Court was split in the drug maker's fight against Roundup.



News Stream
European Stocks Drop for 7th Session
European stocks closed lower for a seventh session on Tuesday on the consistent threat that tight energy supply may drive stagflation. The Eurozone's STOXX 50 dropped 0.3% to 5,843 and the pan-European STOXX 600 fell 0.3% to 607. The US and Iran remained in impasse over the conditions to end their conflict, extending the rally to key energy prices that European economies import. The increase took place despite the UAE's exist from OPEC and OPEC+. ASML and Siemens Energy sank more than 3% each, tracking AI hardware and power operators across the globe on reports that OpenAI missed its internal targets, which back concerns that AI infrastructure spending levels may be unwarranted. In the meantime, Air Liquide dropped 3.2% after missing its revenues estimates for the last quarter, although the company signaled higher investment levels. Also, Bayer lost 4.6% after the US Supreme Court was split in the drug maker's fight against Roundup.
2026-04-28
European Stocks Attempt a Rebound
The STOXX 50 rose 0.3% and the STOXX 600 gained 0.1% on Tuesday, recovering from a subdued start to the session. However, volatility is likely to persist as investors await the US response to Iran’s latest peace proposal, with officials reiterating that key “red lines” remain for any agreement to end the eight-week conflict. Energy stocks led the gains, with Shell and TotalEnergies both advancing 2.5% as oil prices continued to climb. Corporate earnings also influenced market movements. BP climbed 3.4% after reporting more than a doubling in profit. In contrast, Novartis fell 2.8% after posting core operating profit and sales below expectations. Barclays slipped 0.8% as its results disappointed investors, while Air Liquide dropped 4.4% following a revenue miss.
2026-04-28
European Stocks Fall for 7th Session
European stocks edged lower on Tuesday, with both the STOXX 50 and STOXX 600 slipping about 0.1%, marking a seventh straight session of losses for the former. Investor sentiment remained cautious as tensions in the Middle East persisted, the Strait of Hormuz stayed largely closed, and oil prices continued to climb. The White House said US officials were reviewing Iran’s latest proposal, but reiterated that key “red lines” remain in place for any agreement to end the eight-week conflict. Corporate earnings also drove market moves. Novartis shares fell 4.1% after reporting core operating profit and sales below expectations. BP rose 2.4% as its profit more than doubled, while Barclays declined 3.4% after results disappointed investors. Air Liquide dropped about 3% after a revenue miss. AstraZeneca (-1.1%) and Siemens Energy (-2.3%) were also in the red while Shell (1.7%), TotalEnergies (1.1%), and UniCredit (1.5%) booked strong gains.
2026-04-28