{"id":40844,"date":"2026-05-13T13:37:16","date_gmt":"2026-05-13T13:37:16","guid":{"rendered":"https:\/\/www.europesays.com\/europe\/40844\/"},"modified":"2026-05-13T13:37:16","modified_gmt":"2026-05-13T13:37:16","slug":"european-markets-close-weak-as-oil-prices-iran-war-concerns-weigh","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/europe\/40844\/","title":{"rendered":"European markets close weak as oil prices, Iran war concerns weigh"},"content":{"rendered":"

\"The The German stock market (Deutsche Boerse) indices Dax, MDax, SDax, TecDax and Gex are listed on a display board in the trading hall of the Frankfurt Stock Exchange. (zu dpa: \u00abEuropean markets close weak as oil prices, Iran war concerns weigh\u00bb) Arne Dedert\/dpa <\/p>\n

European stocks closed weak on Tuesday, pressured by concerns over the war in the Middle East and higher oil prices.<\/p>\n

Political uncertainty in the UK also weighed on sentiment.<\/p>\n

Brent crude futures climbed to $108.45 a barrel, gaining nearly 4.5%.<\/p>\n

The pan European Stoxx 600 fell 1.01%. Germany’s DAX tumbled 1.62% and France’s CAC 40 closed down by 0.95%, while the UK’s FTSE 100 edged down 0.04%. Switzerland’s SMI closed 0.14% higher.<\/p>\n

Among other markets in Europe, Austria, Belgium, Czech Republic, Finland, Greece, Iceland, Ireland, Netherlands, Poland, Portugal, Spain, Sweden and Turkey closed notably lower.<\/p>\n

Denmark edged down marginally, while Norway and Russia ended on a positive note.<\/p>\n

In the UK market, Vodafone Group ended down by 7% after the telecommunications operator lost clients in its key German market last quarter.<\/p>\n

3i Group closed lower by 4.6%. Llodys Banking Group, St. James’s Place, Marks & Spencer and Barratt Redrow lost 4.1%-4.4%.<\/p>\n

Segro, Barclays Group, Melrose Industries, Next, Natwest Group, Persimmon, Diploma, JD Sports Fashion, Rolls-Royce Holdings, IAG, Standard Life, Babcock International, Endeavour Mining, ICG and Anglo American Plc ended lower by 2%-3.5%.<\/p>\n

Meanwhile, Intertek Group climbed nearly 6.5%. British American Tobacco and Compass Group moved up 5.82% and 5.76%, respectively. Imperial Brands, LSEG, Smith & Nephew, GSK, Haleon, Unilever, Coca-Cola HBC, Convatec Group, Shell, BP, Intercontinental Hotels Group, Pearson and Reckitt Benckiser also ended with strong gains.<\/p>\n

In the German market, Munich RE fell 6% after announcing it has investments of as much as \u20ac2.5 billion ($2.9 billion) in private credit.<\/p>\n

Infineon, Zalando and Siemens Energy lost 5%-6%. Siemens Energy fell despite hiking its FY26 outlook.<\/p>\n

Daimler Truck Holding and RWE lost 2.65% and 2.25%, respectively.<\/p>\n

MTU Aero Engines, Rheinmetall, Siemens, Volkswagen, Brenntag, SAP, Deutsche Bank, Hannover RE and Vonovia also ended notably lower.<\/p>\n

Bayer moved up 3.7% after reporting stronger first-quarter earnings, underpinned by a robust performance in its crop science unit.<\/p>\n

Scout24 climbed 3.1% and Qiagen gained 2.3%. Symrise moved up 1.7%, while Fresenius Medical Care, Beiersdorf and Siemens Healthineers closed up by 1%-1.1%.<\/p>\n

Steelmaker Salzgitter moved up sharply after lifting its fiscal 2026 earnings forecast after reporting turnaround results for the first quarter.<\/p>\n

Technology group Jenoptik rallied 10.5% after reporting a 74% jump in its Q1 order intake.<\/p>\n

In the French market, STMicroelectronics, Societe Generale, Schneider Electric, ArcelorMittal, BNP Paribas, Capgemini, Legrand, Saint-Gobain and Stellantis lost 2.4%-4.2%. Hermes International, Teleperformance, Airbus, Renault, Carrefour and Publicis Group also ended notably lower.<\/p>\n

TotalEnergies, Danone, L’Oreal and Eurofins Scientific gained 1%-1.8%.<\/p>\n","protected":false},"excerpt":{"rendered":"The German stock market (Deutsche Boerse) indices Dax, MDax, SDax, TecDax and Gex are listed on a display…\n","protected":false},"author":2,"featured_media":40845,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[26242,26237,15,483,26236,26240,26241,484,26239,26238,11676],"class_list":{"0":"post-40844","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-europe","8":"tag-compass-group","9":"tag-deutsche-boerse","10":"tag-european","11":"tag-european-markets","12":"tag-frankfurt-stock-exchange","13":"tag-intercontinental-hotels-group","14":"tag-natwest-group","15":"tag-oil-prices","16":"tag-siemens-energy","17":"tag-vodafone-group","18":"tag-war-in-the-middle-east"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/posts\/40844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/comments?post=40844"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/posts\/40844\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/media\/40845"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/media?parent=40844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/categories?post=40844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/europe\/wp-json\/wp\/v2\/tags?post=40844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}