European shares set for weekly loss as Mideast war fuels inflation fears

European shares are on track for a weekly loss as escalating conflict in the Middle East raises concerns about rising inflation. Increased geopolitical tensions are leading to fears about potential supply chain disruptions, particularly in energy and commodities. Investors are increasingly cautious, as the ramifications of the conflict could lead to tighter monetary policies in response to inflation. Major sectors sensitive to energy prices, such as transportation and manufacturing, are likely to feel the pinch. Overall, the market sentiment is leaning bearish amid uncertainties.