Iran announced it was reviewing Washington’s latest response to end the war, while US President Donald Trump said he was prepared to wait to “get the right answers” from Tehran, but attacks would renew if no accord was reached.
The pan-European STOXX 600 was down 0.2% at 618.79 points, as of 0701 GMT, after ending up 1.5% higher on Wednesday near two-week highs.
European equities have been unable to bounce back to pre-war levels as the region’s dependence on oil imports and small AI tech exposure have held it back, while global shares have rallied.
Sources told Reuters that the case for a European Central Bank rate hike in June was nearly sealed, but the bank is likely to be noncommittal about a further move.
Money markets currently price in more than two rate hikes from the ECB before year-end.
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