Story perspectives

European Markets Tumble Amid Bank Declines and Geopolitical Turmoil

3/4/2026

Summary

Story summary

European stock markets opened lower as banks declined, with the Financial Times Stock Exchange (FTSE) 100 index down 1.4%.
Utilities and mining sectors posted major losses.
In the United States, Treasurys behaved unexpectedly during geopolitical turmoil.
In Independence, Missouri, the city council approved Nebius' plan for a 1.2 gigawatt data center.
Global oil markets face ongoing disruptions and price volatility despite potential resumption of transit through the Strait of Hormuz.

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Story summary

European stock markets opened lower as banks declined, with the Financial Times Stock Exchange (FTSE) 100 index down 1.4%.
Utilities and mining sectors posted major losses.
In the United States, Treasurys behaved unexpectedly during geopolitical turmoil.
In Independence, Missouri, the city council approved Nebius' plan for a 1.2 gigawatt data center.
Global oil markets face ongoing disruptions and price volatility despite potential resumption of transit through the Strait of Hormuz.