European shares post worst day since March; Trump threat rattles Spanish stocks

By Johann M Cherian, Tharuniyaa Lakshmi and Niket Nishant

July 8 (Reuters) – European shares posted their steepest one-day drop since mid-March on Wednesday after U.S. President Donald Trump cast fresh doubt over peace prospects in the Middle ‌East, rekindling worries about oil prices and inflation.

The pan-European STOXX 600 index fell 1.8% to 634.91 points, its ‌lowest in a week.

The declines jolted investors who had grown more comfortable with regional equities in recent days, encouraged by…

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