Stoxx 600 Slips 0.2% as Brent Nears $100 on U.S.-Iran Uncertainty
Updated
Updated · CNBC · May 26
Stoxx 600 Slips 0.2% as Brent Nears $100 on U.S.-Iran Uncertainty
11 articles · Updated · CNBC · May 26
The pan-European Stoxx 600 fell 0.2% in early Tuesday trading, with Paris, Frankfurt and Milan lower even after Monday’s broad rebound pushed the index to a 10-month high.
Brent crude jumped 3.1% to $99.14 while WTI dropped 4.2% to $92.48, reflecting confusion after U.S. strikes in southern Iran, Rubio’s warning on the Strait of Hormuz and Trump’s claim talks were “proceeding nicely.”
London’s FTSE 100 rose 0.6% on mining gains after Monday’s U.K. holiday, while stock-specific moves were sharp: Ferrari sank more than 6% after unveiling its first EV, and Kingfisher gained 4.6% despite a 0.7% like-for-like sales drop.
Ukraine also stayed in focus after Sergei Lavrov told Marco Rubio to evacuate diplomats and citizens from Kyiv ahead of fresh “systematic strikes,” adding another geopolitical risk for European investors.
Amid conflicting reports, is the much-touted Iran peace deal actually on the verge of collapse?
Are Russia's nuclear threats a sign of strength or a desperate bluff to mask battlefield failures?