European stocks posted their biggest one-day falls since July weighed down by high Intrerest rates and escalating conflict concerns

European stock markets big dump in more than nine months, fears that the Middle East conflict could escalate, and investors also worried that high intrerest rates would remain longer. The STOXX Europe 600 index closed falling 1.5%, its biggest one-day falling since July. Mining and banking stocks led the falls. In individual stocks, UBS shares falls after the Swiss finance minister told local media that UBS faces higher regulatory capital requirements and may have to increase by $15 billion to $25 billion. Ericsson’s stock price pumped after earnings beat expectations. The postponement of interest rate cut expectations following a series of hot economic data releases in the United States in recent weeks has put pressure on the performance of European stock markets in April. San Francisco Fed President Mary Daly reiterated that there is no rush to adjust Intrerest Rate, noting that the U.S. economy is rise solid, the labor market is strong, and inflation remains high.