European stocks traded flat Thursday as US-Iran tensions escalated, despite a ceasefire agreement between Israel and Lebanon. Universal Music Group shares fell after Pershing Square sold its stake.
European stocks are expected to open lower on Thursday due to escalating tensions between Washington and Tehran, despite a ceasefire agreement between Israel and Lebanon. Iran's airport was reportedly struck, and Israel and the US are prepared to strike Iran again if necessary.
Israeli strikes on southern Lebanon killed 14 people including two children and two women, with 37 injured, Lebanon's Ministry of Health reported Sunday. The IDF said a 19-year-old soldier was killed and six injured in a Hezbollah drone attack. Both sides have accused each other of violating the ceasefire that took effect on April 16 and was extended by three weeks last week, with Prime Minister Netanyahu warning Hezbollah's actions are "disintegrating the ceasefire" and asserting Israel's right to act in self-defence.
