European stocks head for slump as Trump sets Hormuz deadline
CNBC
European stocks are expected to start the new trading week sharply lower as the war in Iran drags on global market sentiment.
LONDON — European stocks are expected to follow Asian markets sharply lower at the start of the new trading week, as further escalation in the Iran war drags on global market sentiment.
The U.K.'s FTSE 100 index is seen opening 1% lower, with Germany's DAX down 1.5%, France's CAC 40 down 1.4% and Italy's FTSE MIB down 1.5%, according to data from IG.
Europe's markets are expected to follow their Asian counterparts lower on Monday as concerns deepen over the Iran war and the blockage of vital maritime passage, the Strait of Hormuz.
Iran's new Supreme Leader Mojtaba Khamenei said in a late Thursday speech that the Strait of Hormuz, a vital artery for global oil trade, should remain shut.
European stocks are expected to open lower on Thursday as investors monitor the Iran war and global oil prices.
European stocks are expected to open flat on Wednesday, as traders monitor intensifying operations in the Middle East.
European stocks are set to rebound as traders continue to watch developments in the Middle East.
European stocks are expected to start the new trading week heavily lower as traders track developments in the Middle East and a surge in oil prices.
Brent futures spiked 16.1% to last trade at $107.61, while U.S. West Texas Intermediate crude futures rose almost 17.7% to $107.02
Gold prices rose on Friday as investors sought safe-haven bullion on heightened uncertainty over a widening Middle East conflict.
Overnight, oil prices broke through the $80 per barrel mark, with Brent futures up 3.54% and last trading at $84.31.
European stocks are expected to open in mixed territory again on Thursday as markets following unsettling geopolitical developments in the Middle East.
European stocks are expected to open in mixed territory on Wednesday as markets continue to track developments in the Middle East.
European stocks are expected to open firmly in negative territory Tuesday as the geopolitical crisis in the Middle East continues to weigh on market sentiment.
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.