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European Markets Tumble as Heathrow Fire Sparks Turmoil

3/24/2025

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Summary

Story summary

European markets took a hit on Friday, with travel stocks plummeting following a fire at Heathrow Airport. The FTSEurofirst 300 Index dropped by 0.6%. Meanwhile, the US dollar strengthened against the euro as investors cashed in ahead of looming tariffs. In a contrasting trend, global crude oil prices climbed due to US sanctions on Iran, achieving a second consecutive weekly gain.

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Story summary

European markets took a hit on Friday, with travel stocks plummeting following a fire at Heathrow Airport. The FTSEurofirst 300 Index dropped by 0.6%. Meanwhile, the US dollar strengthened against the euro as investors cashed in ahead of looming tariffs. In a contrasting trend, global crude oil prices climbed due to US sanctions on Iran, achieving a second consecutive weekly gain.