Stoxx 600, FTSE, CAC, DAX, Iran latest
Vadimrysev | Istock | Getty Images
LONDON — European stocks are expected to start the new trading week at a very low level as investors follow developments in the Middle East and the rise in oil prices.
of england FTSE While Germany’s index opened with a 0.9% decrease, the index is expected to open with a 0.9% decrease. DAX France’s index is seen with a loss of 2.67% CAC 40 Italy, down 2.3% FTSE MIB According to IG’s data, it is 2.7% lower.
European investors are eyeing more turbulence in global markets on Monday, with oil prices rising above $110 a barrel on Sunday for the first time since Russia invaded Ukraine in 2022.
This increase came after the Middle East’s leading oil producers Kuwait, Iran and the UAE cut oil production following the closure of the Strait of Hormuz.
Birds fly near a boat in the Strait of Hormuz amid the conflict between the US-Israel and Iran, as seen from Musandam, Oman, March 2, 2026.
Amr Elfiki | Reuters
US President Donald Trump Posted on Truth Social He said on Sunday that the rise in “short-term oil prices” was “a very small price to pay” for eliminating Iran’s nuclear threat. “Only fools think differently!” Trump added.
Asian markets fell overnight and US stock futures started the week’s trading lower on fears that higher energy prices could dramatically slow the US economy.
On the other hand, according to the news of Associated Press and Reuters based on Iranian state media, Iran elected Mojtaba Khamenei as its new religious leader on Sunday.
There are no major earnings or data releases from Europe on Monday.
