European stock indices declined during trading on Thursday, May 28, as investors assessed renewed tensions in the Middle East.
A U.S. official told Reuters that the U.S. military launched new airstrikes in Iran targeting a military site that officials concluded posed a threat to U.S. forces and commercial shipping in the Strait.
The Kuwaiti army announced in a statement today that its air defenses are currently intercepting hostile missiles and drones.
However, US Secretary of State Marco Rubio stated that some progress had been made in talks with Iran, and that they would be given every chance to succeed.
In terms of trading, the Stoxx 600 index fell by about 0.6% to 624 points.
France’s CAC fell 0.4% to 8,177 points, Germany’s DAX declined 0.1% to 25,155 points, and Britain’s FTSE dropped 0.8% to 10,418 points.
The decline in European markets followed drops in their counterparts in the Asia-Pacific region.
In terms of business results, shares of the Spanish online travel company eDreams jumped by more than 12% after it announced profits of 52.2 million euros in the fourth financial quarter.
Meanwhile, Polish energy company Orlen revealed an increase in adjusted core earnings of approximately 22.8% in the first quarter.
