European stocks show modest gains amid Middle East conflict
On March 19, 2026, European stock markets displayed volatile dynamics amid lingering geopolitical tension. The STOXX 600 index rose 0.48% amid concerns about shipping security in the Strait of Hormuz. Stocks are trading on the back of uncertainty over the protection of key tanker routes and the risk of attacks on infrastructure.
Rising commodity prices drove capital into the energy sector. Britain’s FTSE 100 gained 0.72%, supported by strength in Shell shares. Germany’s market grew 0.28% on positive expectations for regional utilities and energy companies.
France’s CAC 40 increased 0.58%, helped by oil-and-gas giant TotalEnergies. However, the airlines sector and luxury goods manufacturers faced pressure from high operating costs. Sectoral indices fell amid concerns about waning consumer activity and high inflation.
The technology sector traded in negative territory: ASML shares dropped about 1%. The biopharma segment was an exception, with Sartorius jumping 5% after updating its corporate strategy. Defence stocks also slipped as market participants took profits.