Central And Eastern Europe Fund, Inc. shares fall 3.54% intraday amid Middle East escalation fears.

The Central And Eastern Europe Fund, Inc. declined 3.54% intraday. The drop in stock price may be attributed to the broader market sentiment, as Europe's major indices opened in negative territory due to escalating tensions in the Middle East following U.S. strikes on Iranian nuclear sites. This geopolitical uncertainty has led to increased volatility in oil prices and a cautious market outlook, which likely contributed to the fund's decline.