European markets retreated following signals that a ceasefire extension in Iran is improbable. Brent crude prices climbed to $95 per barrel, weighing heavily on cyclical sectors and airlines.
- Stoxx Europe 600 Index retreated 0.8%
- Brent crude oil traded at $95 per barrel
- Airline stocks declined by 2.9%
- Cyclical sectors including autos and banks lagged
- Energy sector outperformed other industries
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