European Stocks Slip 0.5% Amid US‑Iran Tensions

European equity indices fell Friday, with Stoxx 600 down 0.5%, DAX -0.2%, CAC 40 -0.8%, FTSE 100 -0.5%.
Oil prices rose above $100 per barrel as Iran‑U.S. naval tensions escalated, sparking inflation and growth slowdown fears.
SAP surged 6.4% after reporting a 17% Q1 profit jump, driven by strong cloud division performance.
US President Trump extended Israel‑Lebanon ceasefire three weeks and maintained an indefinite US‑Iran ceasefire while keeping Iranian port blockade.