European stocks fell on May 4 as tensions in the Strait of Hormuz pushed up oil prices and US President Donald Trump’s threat of higher tariffs on car imports from the region weighed on auto shares. [1]
The Euro Stoxx 50 Index dropped 2.0%, while the Stoxx Europe 600 closed down 1%. [1]
Markets weakened further in the final 30 minutes before the close after the UAE said it had detected missiles from Iran heading to the country. [1]
London’s stock exchange was closed for a holiday, leaving other major European markets to set the tone. [1]