European Markets Slide 0.7% Amid Trump-Iran Tensions

AI Summary

European stocks opened lower on Monday, with the pan-European Stoxx 600 declining by 0.7% as geopolitical tensions around U.S.-Iran relations intensified. Energy stocks rose by 0.7%, attributed to a surge in oil prices, with Brent crude futures increasing by 1.57% to $110.97 per barrel. Ryanair (RYAAY) shares fell 3.3% after reporting a 40% increase in after-tax profit to €2.3 billion ($2.7 billion) for the past year. Bond markets experienced a sell-off, with 10-year U.S. Treasury yields hitting 4.6073%, a 15-month high, indicating market volatility.