European stocks fell on Friday, extending losses from the previous session, amid a lack of meaningful progress in U.S.-Iran peace talks, and concerns about inflation, growth and interest rates. Energy stocks found support as oil prices climbed higher amid concerns about supply disruptions.
Oil prices climbed higher again, with the Brent crude climbing over $114 a barrel, even as U.S. President Donald Trump extended the pause on military strikes on Iran by 10 days. However, reports that the Pentagon is planning to send 10,000 more troops to the Middle East signal a possible escalation in tensions in the region.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.