Stoxx 600, FTSE, DAX, CAC, Iran news and oil prices
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LONDON — European stocks are expected to fall at the open on Thursday as the Iran war escalates following attacks on the energy infrastructure of Iran and Qatar.
of england FTSE Germany index is expected to open with a 09% decrease DAX France fell 1.6 percent CAC 40 fell 1 percent and Italy FTSE MIB 1.2% lower according to IG data.
There was a significant escalation in the conflict on Wednesday, when Israel launched an attack on Iran’s South Pars gas field and Tehran launched retaliatory missile strikes on Qatar’s Ras Laffan liquefied natural gas terminal.
US President Donald Trump warned on Wednesday that America would “massively blow up the entire South Pars Gas Field” if Iran continues to target Qatar’s energy facilities. Following the strike and the comments, oil prices rose again overnight.
The European market’s attention today turned to the central bank’s actions in the region, with the monetary policy decisions taken by the European Central Bank, Bank of England, Riksbank and Swiss National Bank on Thursday.
Central banks are expected to keep interest rates broadly steady while policymakers wait and see where the war in Iran goes and assess its impact on the growth and inflation outlook in the region.
US stock futures fell slightly overnight after the Dow Jones Industrial Average fell to a 2026 low.
The decline follows a surprisingly warm producer price report and the Fed’s expectations for higher inflation; These expectations have raised fears that the war in Iran could mean that the US economy is headed for a stagflation scenario, or a period of lower growth and higher pricing pressures. Asia-Pacific markets fell on Thursday, following losses on Wall Street.
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— CNBC’s Sarah Min contributed to this market report.
