European Markets Slide Minus UK: Tech Stocks and Middle East Tensions Press Markets

European markets have slid, excluding the UK, under the weight of tech stock sell‑offs and escalating Middle Eastern tensions.

Tech Stock Sell‑Offs Drag Markets

■Stoxx Europe 600: down 0.5%, 640.7 points

■FTSE 100: up 0.1%, 10,587 points

■DAX 40: down 0.5%, 24,746 points

■FTSE MIB 30: down 0.7%, 52,009 points

■CAC 40: down 0.6%, 8,330 points

■IBEX 35: down 0.1%, 19,231 points

Middle East Tensions Weigh on Markets

■Escalation of U.S. strikes on Iran

■Iran’s retaliatory attacks on regional states

■Noticeable decline in risk appetite

IMF Projects Slower UK Growth

■2026: 1% growth forecast

■2027: 1.3% growth forecast

■2028: 1.7% growth forecast

■Energy shock impact expected to wane

Political Shift in London

■Andy Burnham poised for prime ministerial role

■Treasury and Finance Minister appointment remains uncertain

■Eurozone June inflation data to be closely watched

Markets are experiencing short‑term uncertainty due to tech sell‑offs and Middle Eastern geopolitical strains, while the IMF’s slower UK growth outlook is heightening long‑term risk perception. This may prompt investors to reassess risk tolerance and could increase volatility in European indices.