STOXX 600 stays muted as peace hopes and earnings steady European shares
Updated
Updated · Reuters · May 7
STOXX 600 stays muted as peace hopes and earnings steady European shares
7 articles · Updated · Reuters · May 7
At 0703 GMT, the index stood at 623.56, with Germany's DAX flat and London's FTSE 100 down 0.2% after Wednesday's 2% rally.
Investors weighed Donald Trump's prediction of a swift end to the war as Tehran considered a US proposal, while Shell fell 1.6%, BP lost 1.4% and Henkel rose 4.5%.
Siemens Healthineers dropped 5.7% after cutting its outlook. Europe, hit by energy dependence since the war began, remains about 2% below pre-war levels.
With global markets buoyed by AI optimism, could unresolved Middle East tensions trigger a sudden reversal in investor sentiment and economic stability?
How long can European industries withstand soaring energy costs and inflation if the Middle East conflict and supply disruptions persist?
Will a one-page peace proposal truly resolve the deep-rooted U.S.-Iran conflict and reopen the critical Strait of Hormuz for global energy flows?