Stoxx 600, FTSE, DAX, CAC, Iran latest news
LONDON — European markets look set to start the new week in negative territory as investors continue to monitor developments in the Middle East and a potential resurgence of transatlantic trade tensions.
Stoxx 50 futures were expected to open 0.32% lower due to the influence of France. CAC 40 Germany’s index lost almost 0.1% DAX fell 0.27% and Italian FTSE MIB It decreased by 0.31%.
of england FTSE100 It is closed due to a public holiday in early spring.
European automakers fell between 1.2% and 2.2% in premarket trading after U.S. President Donald Trump said Friday he would increase tariffs on cars and trucks from the European Union to 25%. The European Commission said it was preserving its options on the response.
The threat comes despite the Supreme Court ruling in February striking down much of Trump’s tariff agenda.
Meanwhile, President Trump also announced a new plan to “release” ships that cannot pass through the Strait of Hormuz. Dubbed ‘Project Freedom’, the initiative could involve 15,000 troops, guided missile destroyers and 100 aircraft guiding merchant ships through the critical shipping channel.
UK Merchant Marine Operations reported early on Monday that a ship was struck by a shell north of the city of Fujairah in the United Arab Emirates.
Oil prices fell in early deals; While the global benchmark Brent crude oil fell by 0.8% to $107.38 per barrel, West Texas Intermediate fell by 0.84% to $101.10.
In European corporate earnings, Danish jewelry maker Pandora is among the European companies that will later update investors on their first-quarter performance.
