Stoxx 600, FTSE, DAX, CAC, Iran news
London city skyline at sunset.
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LONDON — European markets will open broadly lower on Tuesday as traders monitor developments in the Middle East and Ukraine amid renewed volatility in oil markets.
in London, FTSE100 While France opened with a 0.58% lower opening, France CAC 40 Germany was expected to start trading down 0.33%. DAX 0.34% decrease and Italian FTSE MIB 0.46% decrease according to IG data. Stoxx 50 futures fell 0.31 percent.
The pullback follows strong gains in major European stock markets on Monday; DAX finished the session up 2.01%, CAC 40 up 1.76% and FTSE MIB up 1.43%. Markets in London were closed on Monday for the UK’s late spring bank holiday.
Stoxx 600 It finished Monday up 1.04%, its highest level in more than 10 months, after paring losses since the conflict in the Middle East began on February 28.
US forces carried out attacks in southern Iran early Tuesday that Central Command described as “self-defense.” Secretary of State Marco Rubio, who is in India, said that the Strait of Hormuz will eventually have to be opened “one way or another.”
obvious exacerbation of hostilities, President Donald Trump We previously noted in a post on TruthSocial that a peace agreement could be on the horizon, with negotiations “going well.”
The mixed picture meant oil markets were in flux in the early stages of the deals. International comparison Brent crude oil It rose 2.7% to $98.73. On the other hand, in the USA, where markets will reopen after the Memorial Day holiday on Monday, West Texas Intermediate Futures were last seen down 4.3% at $92.44.
Investors are also closely watching events in the ongoing war in Ukraine after Russian foreign minister Sergei Lavrov told his US counterpart Marco Rubio to evacuate diplomats and citizens from Kiev ahead of new “systematic attacks” on the Ukrainian capital. It follows a series of targeted attacks over the weekend.
No significant economic data is expected to be announced on Tuesday.
