Stoxx 600, FTSE, DAX, Iran war news, oil prices
A trading floor manager works on the American Stock Exchange (AMEX) floor at the New York Stock Exchange (NYSE) in New York, United States, on Monday, May 4, 2026.
Michael Nagle | Bloomberg | Getty Images
LONDON — European stock markets are expected to open mostly lower on Tuesday as investors digest the latest developments in the Iran war.
of england FTSE Germany index opens flat DAX and France CAC 40 and Italy fell 0.4% respectively. FTSE MIB 0.1% lower according to IG data.
Global markets were shaken on Monday as the fragile ceasefire between the United States and Iran appeared close to collapse as the United Arab Emirates came under attack from Iranian drones and missiles and the United States said it had sunk Iranian boats in the Strait of Hormuz.
President Donald Trump is a Fox News In an interview later Monday, Iran warned it would “fly off the ground” if it targeted U.S. ships protecting commercial ships passing through the strait.
Trump also said in a post on Truth Social that a South Korean cargo ship came under fire from Iran in the waterway. “Maybe it’s time for South Korea to come in and join the mission!” Embers wrote in the article.
Stock indexes closed sharply lower on Monday and oil prices rose on fears that the war could continue much longer than expected, potentially causing a global recession. Oil prices crashed overnight.
Telecommunications giant in corporate news vodafone Hong Kong conglomerate CK Hutchinson will take full ownership of the VodafoneThree joint venture after agreeing to buy its shares, it said on Tuesday. The deal, worth £4.3 billion ($5.81 billion), will see Vodafone become the sole owner of the UK’s largest mobile operator.
Elsewhere, Italian lender single credit It released its first-quarter earnings on Tuesday morning, reporting its 21st quarter of profitable growth and its best quarter on record. Quarterly net profit reached 3.2 billion euros ($3.74 billion), up 16.1% year on year; This was well above the €2.8 billion expected by analysts surveyed by LSEG. Bank making controversial bid to take over German lender commerzbank, On Tuesday, it raised its target, saying it was targeting full-year net profit of at least 11 billion euros in 2026.
German defense chancellor Rheinmetall It reported first-quarter earnings after the closing bell on Monday. Quarterly revenue rose 7.7% year-on-year to 1.94 billion euros, falling short of market expectations of 2.3 billion euros. Rheinmetall said it expects growth in the first half of this year to follow a similar trajectory to the previous year, when first-half cumulative revenue rose 37% year-on-year.
Earlier on Tuesday, Europe’s largest lender HSBC reported pretax profit of $9.4 billion in the first quarter; This was slightly below analysts’ estimates.
— CNBC’s Kevin Breuninger contributed to this market report.
