Stoxx 600, FTSE, DAX, CAC, Iran war latest news
Bulk carrier Galaxy Globe and tanker Luojiashan are anchored in Muscat, where Iran has vowed to close the Strait of Hormuz amid the US-Israeli conflict with Iran, in Muscat, Oman, on March 9, 2026.
Benoît Tessier | Reuters
LONDON — European stocks look set to open significantly higher on Tuesday as traders monitor developments in the Middle East and declining but still high oil prices.
Futures depend on pan-European Stoxx 50 The last increase was 1.3%, while those affiliated with the French CAC 40 Germany’s DAX index increased by 1.5% and 1.2%, respectively. FTSE100 Futures were up 0.5% at 6:23 a.m. London time (2:23 a.m. ET), with futures tied for Italy futures. FTSE MIB increased by 1.8%.
A rebound in Europe could end regional team’s three-day losing streak Stoxx 600 The index lost almost 6% last week as global confidence was shaken by the US-Iran war.
A mixed picture emerged in global markets overnight; US stock futures fell as Asia-Pacific markets rebounded.
The moves came after oil prices pared gains after US President Donald Trump told a CBS News reporter that “the war is almost over” and also signaled he was ready to take action to keep open the Strait of Hormuz, a vital oil transit.
Trump stated that he was considering taking control of the strait and said that Iran would be hit harder if it did anything to stop the flow of oil through the strategic sea passage.
Oil prices fell as much as 10 percent overnight after Trump’s comments but remain high: Brent crude was down 6.8 percent at $92.25 a barrel as of 6:26 a.m. London time on Tuesday. US crude oil also fell 6.8% to $88.31 per barrel. The declines came after oil surpassed $100 on Monday.
An Iranian Foreign Ministry spokesman told CNBC on Monday that oil tankers passing through the Strait of Hormuz “must be very careful.”
German automobile giant in corporate news volkswagen It reported a 53% year-on-year decline in operating profit when it released its full-year earnings update on Tuesday morning.
The company attributed this decline to Trump’s tariff regime, as well as currency fluctuations and costs associated with adjusting Porsche’s product strategy.
That meant the company’s operating profit of 8.9 billion euros ($10.4 billion) was well below analyst expectations, according to LSEG consensus data.
Elsewhere, Swiss chocolatier Lindt It reported full-year sales of 5.9 billion euros on Tuesday; This represents an organic sales increase of 12.4% compared to the previous year. Operating profit was reported stronger than expected at 971 million euros, and Lindt touted progress despite a “challenging market environment” that included unstable cocoa prices, geopolitical tensions and the Trump administration’s tariffs.
