European stocks fall on concerns over escalation of the war in Ukraine.

European stocks fall on fears of escalation of the war in Ukraine

The Stoxx Europe 600 index fell by 1% due to worries about further escalation of the conflict in Ukraine. All sectors, including automakers and banks, showed declines, reports the Financial Club citing Bloomberg data.

Italian companies' stocks performed particularly poorly, leading to a decline in the value of shares of the largest creditors in the country.

The stock decline occurred after Russian President Vladimir Putin approved an updated nuclear doctrine that expands the potential use of nuclear weapons by Russia. This came just days after the United States granted the Ukrainian side a limited permission for missile strikes against Russia.

Speculation regarding possible tariffs and other measures that Donald Trump could adopt during his second presidential term also affects European stocks, which have already been rising for four weeks.

Significant pressure on stocks is also caused by the rising dollar, slowing economic growth in China, and the overall decline in the region's economy.