European markets declined on Wednesday as escalating Middle East tensions weighed on investor sentiment. The pan-European Stoxx 600 fell 0.68% to €637, with travel and leisure stocks among the worst performers. London's FTSE 100 dropped 0.46%, Germany's DAX lost 0.51%, and France's CAC 40 slid 0.84%. The pound traded at $1.335, retreating from recent three-week highs, while the euro held just below $1.14, nearing a one-year low against the US dollar. In economic data, Germany's wholesale prices rose 4.9% year-on-year in June, easing from a 5.9% increase in May, while Norway's producer prices surged 14.9% year-on-year in June.
Middle East tensions weigh on euro sentiment, but euro also near one-year low vs USD
Middle East tensions weigh on sterling, pound retreats from recent highs