Europe: Shares slide as Middle East tensions flare
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European shares fell on May 8, with the pan-European Stoxx 600 down 0.7% at 612.14 points, despite a small weekly gain. The decline was driven by heightened tensions in the Middle East, impacting investor sentiment. Major markets, including Germany’s DAX, dropped significantly. Concerns over geopolitical stability and US tariffs on the EU added to the negative outlook, particularly affecting financials and industrials sectors, which saw declines of 0.7% and 1.5%, respectively.
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