European markets tumble as oil prices surge; ECB and BOE decisions ahead
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- Brent rose 6.84% to $126.10 a barrel, reaching a wartime high.
- Stoxx 600 fell 0.5% as European equities opened lower.
- U.S. Central Command will brief President Trump on possible military action against Iran, Axios reports.
- European Central Bank will announce its policy decision Thursday, with forward guidance expected to tighten financing costs.
- Banking sector lost 1.4% as risk aversion rose amid the oil price surge.
Why it matters: European equity investors lose 0.5% as Brent climbs to $126 per barrel, boosting oil‑related earnings while tightening financing costs after the ECB’s Thursday guidance, which will raise borrowing rates for corporates.
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