European stocks slip as Lagarde warns Iran war shock is 'beyond what we can imagine' 😔

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European stocks opened lower on Friday, with the Stoxx Europe 600 down 0.21% amid skepticism about a ceasefire in the Iran war. ECB President Christine Lagarde warned that markets are overly optimistic about the economic fallout from the conflict. Asian markets also declined, while oil prices rose. In corporate news, Pernod Ricard and Brown-Forman are in merger talks.