European stock markets broadly declined on the 23rd, with the UK's FTSE 100 down 0.03% and the DAX down 0.66%. A rebound in crude oil prices and rising interest rates revived inflation concerns, prompting broad-based selling, particularly in bank and insurance stocks.
European stock markets broadly declined on the 23rd. The UK's FTSE 100 index closed at 10,705.26, down 3.07 points from the previous close, while the DAX fell 0.66%, the CAC 40 fell 0.39% and the STOXX Europe 600 fell 0.44%.
The decline was attributed to waning expectations for diplomatic progress between the United States and Iran, as well as renewed inflation concerns following a rebound in crude oil prices. Rising government bond yields in the United States and Europe also weighed on stock prices.
Selling was seen across a broad range of stocks, including banks and insurers. Market conditions may change depending on developments in diplomacy and energy markets, as well as the direction of interest rates.