European equity markets traded broadly weaker on Monday, following the breakdown of weekend negotiations in Islamabad and a U.S. naval move to restrict shipping linked to Iran through the Strait of Hormuz.
Escalating geopolitical tensions lifted Brent crude above $102 per barrel, renewing concerns around inflation and the outlook for interest rates.
Germany’s DAX fell 1.2%, France’s CAC 40 declined 0.9%, while the U.K.’s FTSE 100 slipped 0.5%.
Vistry Group (LSE:VTY) was among the biggest fallers after naming internal candidate Adam Daniels as its new chief executive.
National Grid (LSE:NG.) also traded lower after issuing a pre-close update ahead of its full-year results.
In contrast, Halma (LSE:HLMA) advanced in London after the group announced the $90 million acquisition of California-based Surgistar, a specialist in ophthalmic surgical tools and devices.
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