Stoxx 600, FTSE, DAX, Iran latest, Hungary election
The view of ships passing through the Strait of Hormuz, seen in Oman on April 8, 2026, after the two-week temporary ceasefire reached between the USA and Iran on the condition of reopening the strait.
Shadi JH Alassar | Anatolia | Getty Images
LONDON — European stocks are expected to start the new trading week on a somber note as global traders assess developments in the Middle East over the weekend.
of england FTSE Germany’s index is expected to open with a decrease of 0.62% DAX France with a loss of 1.45 percent CAC 40 fell 1 percent and Italy FTSE MIB 0.9% lower according to IG data.
European stocks look set to follow declines in Asia-Pacific stocks on Monday as investors react to US plans to blockade the Strait of Hormuz. The move was announced after weekend talks between Washington and Tehran failed to reach an agreement to end the Middle East conflict.
“Effective immediately, the U.S. Navy, the Best Navy in the World, will begin the process of BLOCKING all Ships attempting to enter or exit the Strait of Hormuz,” Trump said in a post on the social media platform. Real Social Sunday.
“The blockade will begin shortly. Other countries will also join this blockade. Iran will not be allowed to profit from this Illegal Act of Extortion.” Trump early Monday sent It said the blockade of ships entering or leaving Iranian ports would begin at 10 a.m. ET (3 p.m. London time).
The collapse of talks between Iran and the United States has reignited fears of a protracted conflict, with crude oil prices rising on Sunday.
European investors will also be keeping an eye on Hungary on Monday after long-time conservative leader Viktor Orban conceded defeat to Peter Magyar’s pro-EU Tisza following a landslide election victory for the opposition party. The victory was a blow for Russia and the Trump administration, which count Eurosceptic Orban as an ally.
Earnings are coming LVMH, Christian Dior and Galp Energia on Monday. There are no significant data releases.
