Stoxx 600, FTSE, DAX, CAC, Iran news and oil prices
Iranian-flagged container ship “Nora” in the Danish port of Kalundborg, March 18, 2026. The ship was detained by the Danish maritime authority in February due to registration concerns.
Jens Nielsen | via Reuters
LONDON — While the further escalation of the Iran war negatively affects global market confidence, European stocks are expected to follow Asian markets with sharp declines at the beginning of the new trading week.
of england FTSE100 The index is expected to open with a 1% decline, along with Germany’s DAX France fell 1.5 percent CAC 40 fell 1.4 percent and Italy FTSE MIB According to IG data, it fell by 1.5%.
European markets are expected to follow their Asian counterparts on Monday as concerns deepen over the Iran war and the blockage of the vital maritime passage through the Strait of Hormuz.
US President Donald Trump said on Saturday that he would “destroy” Iran’s power plants if Tehran does not fully reopen the Strait within 48 hours.
Iran responded by increasing threats targeting energy infrastructure and desalination plants in the Gulf. Iranian Parliament Speaker Mohammed Bagher Galibaf said Saturday He said organizations that purchase American government bonds and “finance the US military budget” would be considered legitimate targets, as well as military bases.
Crude prices Asia-Pacific markets traded lower amid a sharp decline in volatile trading in early trading on Monday. U.S. stock futures were little changed on Sunday night, with confidence rattled after major U.S. indexes posted their fourth consecutive weekly losses.
Earnings reports in Europe come from Kongsberg Gruppen. Exor And Galp Energy. Spanish trade balance data will also be published.
— CNBC’s Anniek Bao contributed to this market report.
