The Stoxx Europe 600 slipped 0.4% in morning trade, dragged down by broad declines across major indices. Germany’s DAX fell 0.4% and France’s CAC 40 dropped 0.7%, while the FTSE 100 trimmed 0.1%. Individual performance remained volatile: Ericsson B shares tumbled 7.5%, and Cembra Money Bank shed 3.9%. Conversely, Mycronic surged 12.8% and Allegro.eu gained 5.4%.
In section Market Quotes
Markets Waver as Oil Spikes Following U.S. Strikes on Iran
Brent crude surged 3% to $85.77 a barrel on news of renewed U.S. military strikes and a restored blockade against Iran, triggering a cautious retreat across European equities. While Asian markets managed to close in positive territory, Western investors remain wary of the geopolitical fallout hitting energy prices.
Across the Atlantic, U.S. markets signaled a tepid start to the session with Dow Jones Industrial Average futures down 0.2% and S&P 500 futures effectively flat. The Wall Street Journal Dollar Index edged down 0.1% to 97.39. Yields on government debt crept upward, with the 10-year U.S. Treasury rising 1 basis point to 4.634%, while German 10-year Bunds added 3 basis points to reach 3.162%. Natural gas prices also felt the pressure, as the Dutch TTF contract rose 2.7% to 52.85 euros per megawatt hour.
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