European markets head for another mixed open as war unsettles traders
CNBC
European stocks are expected to open in mixed territory again on Thursday as markets following unsettling geopolitical developments in the Middle East.
LONDON — European stocks are set to open in mixed territory again on Thursday as market participants follow geopolitical developments in the Middle East.
The U.K.'s FTSE index is seen opening 0.5% higher, Germany's DAX down 0.2%, France's CAC 40 down 0.25% and Italy's FTSE MIB 0.2% lower, according to data from IG.
Spain's IBEX is expected to open 0.5% lower with the country in trouble with U.S. President Donald Trump after it refused to allow U.S. forces to use its bases for strikes on Iran. "Spain has been terrible," Trump said on Tuesday. "We're going to cut off all trade with Spain. We don't want anything to do with Spain."
Gold prices rose for a fifth consecutive session on Tuesday, as investors sought safe-haven assets amid an escalating U.S. and Israeli air war against Iran.
The yen and euro were lower on Tuesday as the widening Middle East conflict focused attention on countries dependent on energy imports.
Oil prices continue to rise Iran's Revolutionary Guard says it has closed the Strait of Hormuz,
European stocks are expected to start the new trading week firmly in negative territory.
Oil prices jumped to their highest levels in months on Monday as Iran and Israel escalated attacks in the Middle East, disrupting shipments from the region.
Gold prices rose on Monday after the U.S. and Israel launched strikes on Iran, killing Supreme Leader Ayatollah Ali Khamenei, deepening global uncertainty.
Oil futures on Monday jumped by over 8%, with West Texas Intermediate futures and Brent trading at $72.52 and $79.04 per barrel respectively.
European markets finished mixed as more earnings reports and economic data were in focus.