European markets close lower as investors eye Middle East tensions; oil prices jump 4%

European stocks closed lower Tuesday, erasing earlier gains amid heightened fears of a possible attack on Israel by Iran.

A view of damaged buildings following Israel i attacks on Laylaki and Haret Hireyk neighborhood of Dahieh region in Beirut, Lebanon on October 1, 2024.provisionally ended down around 0.4%, with most sectors in negative territory. Europe's banking index led the losses, down 2.2%.European stocks turned lower during afternoon trade following reports the U.S.

Inflation for the 20-country bloc fell to 1.8% in September, less than the 1.9% forecast by economists and below the 2.2% recorded in August, according to Eurostat.

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