European Stocks Slip 0.5% Amid Hormuz Tensions

European equities fell Thursday, with Stoxx 600 down 0.4%, DAX 0.5%, FTSE 0.6%, while CAC 40 rose 0.3%.
L’Oreal posted its fastest quarterly growth in two years, bolstering the French market despite broader concerns.
Ongoing Strait of Hormuz tensions, including Iranian attacks on ships, lifted crude oil above $100 per barrel.
Analysts note investors shifting focus to corporate earnings and AI infrastructure spending amid geopolitical uncertainty.