European Stocks Decline Amid Geopolitical Concerns

European stock markets have seen a notable decline, with the pan-European Stoxx 600 dropping by 0.3% to reach its lowest level in over three months. This downturn is largely attributed to geopolitical tensions, particularly following Russia's revised nuclear doctrine and Ukraine's use of British-supplied missiles against Russian targets. Market anxiety has led investors to seek safer assets like gold and the U.S. dollar, while sectors such as banking and automobiles have suffered significant losses. The UK also reported a rise in inflation, exceeding the Bank of England's target, which adds to the economic uncertainty. Investors are now closely monitoring upcoming corporate earnings, notably from Nvidia, for further market direction. Overall, the combination of geopolitical concerns and economic data is creating a cautious trading environment across Europe.