European shares tumbled on Friday as a deadlock in U.S.-Iran talks hit risk appetite, rattled energy markets, and revived slowdown concerns. Trump said his patience with Iran is running out after agreeing with Xi Jinping that Tehran must not obtain nuclear weapons and should reopen the Strait of Hormuz. Global bonds fell and oil rose. U.S. and European inflation prints this week pointed to the Iran war’s effects in consumer and producer prices, boosting expectations of further ECB tightening.
European stocks opened subdued as investors balanced a heavy calendar of central bank meetings and corporate earnings with uncertainty from stalled U.S.-Iran negotiations. With markets watching for policy signals and fresh profit outlooks, traders stayed cautious, reflecting how diplomacy and corporate guidance are steering sentiment this week.
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