European equities extended their decline on August 14 as renewed geopolitical tensions and weak resource shares pressured broader markets. The STOXX Europe 600 ended down 0.21% at 657.86, leaving it 0.36% lower for the week and marking its first negative week in five. London's FTSE 100 fell 0.21% to 10,750.11 for a weekly loss of 1.38%, its steepest since the week ending July 10, while the FTSE 250 edged up 0.12% and Germany's Xetra DAX rose 0.53% to 26,440.31. Mining stocks were a major drag, with the FTSE 350 Mining Index falling 4.65% for the week, its biggest weekly drop since the week ending June 26. Antofagasta dropped 4.6% on the day after already falling 6.8% a day earlier, as lower copper prices and a cut to full-year copper production guidance disappointed investors. Across sectors, weaker metals prices hit materials, while the STOXX Europe 600 Healthcare Index fell 1.50% and the Aerospace & Defense Index rose 1.25%, showing how investors rotated toward areas seen as more resilient to geopolitical stress. Technology-related shares outperformed after reports that Silver Lake is in advanced talks to buy Workday. SAP rose 2.7%, Temenos gained 1.8%, and London-listed Relx, Experian and Sage Group advanced between 1.4% and 4.5%. Maersk surged 8.8%, extending gains after its second full-year earnings guidance upgrade of the year. Eurozone government bond yields also climbed. Germany's 10-year yield rose 6.7 basis points to 3.212%, taking its weekly rise to about 8 basis points, while the 2-year yield added 2.9 basis points to 2.796%. Markets are pricing in about 40 basis points of additional ECB (European Central Bank) rate hikes by year-end, around 2 basis points more than at the start of the week. The U.S.-Iran confrontation over the Strait of Hormuz continued to shape sentiment, with no progress in peace talks reported. Brent crude rose 1% to $88.20 a barrel and is up 5% this week after two weeks of declines, though the increase has remained relatively modest, helping keep inflation pressure contained. Bank of England Chief Economist Huw Pill told The Wall Street Journal that stronger-than-expected UK growth has increased the likelihood of further rate hikes after June GDP rose 0.3% month on month. Investors are also watching earnings, with STOXX Europe 600 companies expected to deliver 23.4% year-on-year profit growth in the April-June 2026 quarter, the fastest pace in about four years.