European equities moved lower on Wednesday, continuing the downward trend from the prior session after a report from the The Wall Street Journal indicated that U.S. President Donald Trump was dissatisfied with Tehran’s latest proposal to end the conflict and had directed aides to prepare for a prolonged blockade of Iranian ports.
Concerns over tighter oil supply pushed Brent crude prices close to $115 per barrel, reigniting worries around inflation and interest rates.
The FTSE 100 Index fell 0.9%, while France’s CAC 40 Index declined 0.3%. Germany’s DAX Index hovered just below flat.
Straumann Holding rose nearly 2% after reporting 7.1% organic revenue growth in the first quarter of 2026, ahead of expectations.
UBS (NYSE:UBS) surged 4.7% after posting an 80% increase in first-quarter profit.
Sandoz (LSE:0SAN) declined 2.4% despite strong biosimilars growth in the same period.
Iberdrola (BIT:1IBE), Europe’s largest utility, dropped around 2% after reporting a 15% year-over-year decline in first-quarter net profit.
GSK (LSE:GSK) fell 1.8% despite delivering solid first-quarter results and reaffirming its 2026 outlook.
Similarly, AstraZeneca (LSE:AZN) slipped 1.3% even after posting better-than-expected quarterly earnings.
Lloyds Banking Group (LSE:LLOY) lost 1% after warning about the economic impact of the Iran conflict.
KPN (EU:KPN) dropped 2.7% after reporting a modest 2.1% increase in first-quarter sales.
Adidas (TG:ADS) jumped 6% following stronger-than-expected first-quarter operating profit and revenue.
Deutsche Bank (TG:DBK) fell 1.7% after reporting higher credit risk provisions and adverse currency effects.
Leave a Reply