--- title: "Persian Gulf Outlook Caps European Bourses Midday" type: "News" locale: "en" url: "https://longbridge.com/en/news/281877333.md" description: "European bourses showed mixed performance as traders awaited updates on the Persian Gulf situation following President Trump's threat to bomb Iranian infrastructure. Oil, property, and food stocks saw gains, while tech shares lagged. The Eurozone composite purchasing managers index fell to 50.7 in March. The Stoxx Europe 600 Index remained steady, with the Oil and Gas Index rising 4%. National indexes showed Germany's DAX down 0.2%, while the CAC 40 and IBEX 35 gained. Brent crude futures rose to $110.62 a barrel, indicating above-average market volatility ahead." datetime: "2026-04-07T11:35:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281877333.md) - [en](https://longbridge.com/en/news/281877333.md) - [zh-HK](https://longbridge.com/zh-HK/news/281877333.md) --- # Persian Gulf Outlook Caps European Bourses Midday 07:35 AM EDT, 04/07/2026 (MT Newswires) -- European bourses tracked unevenly midday Tuesday as traders awaited developments in the war-torn Persian Gulf after US President Donald Trump's vow to bomb Iranian infrastructure if Tehran does not reopen the Strait of Hormuz by 8 pm ET. Oil, property and food stocks led gains on continental trading floors, while tech shares lagged. Investors also eyed Wall Street futures in the red amid higher closes overnight on Asian exchanges. In economic news, the Eurozone composite purchasing managers index, a combination of the manufacturing and services sectors, came in at 50.7 in March, down from 51.9 in February, but still striking above the 50-mark that separates growth from contraction, S&P Global reported. The pan-continental Stoxx Europe 600 Index was steady mid-session. The Stoxx Europe 600 Technology Index was down 0.7%, and the Stoxx 600 Banks Index gained 0.1%. The Stoxx Europe 600 Oil and Gas Index rose 4%, while the Stoxx 600 Europe Food and Beverage Index advanced 1.1%. The REITE, a European REIT index, gained 0.6%. On the national market indexes, Germany's DAX was down 0.2%, and the FTSE 100 in London was steady. The CAC 40 in Paris was up 0.4%, and Spain's IBEX 35 gained 0.2%. Yields on benchmark 10-year German bonds were higher, near 3.03%. Front-month North Sea Brent crude-oil futures were up 0.8% at $110.62 a barrel. The Euro Stoxx 50 volatility index was down 0.8% at 29.82, indicating above-average volatility for European stock markets in the next 30 days, a negative signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited. ### Related Stocks - [CRAK.US](https://longbridge.com/en/quote/CRAK.US.md) - [EOG.UK](https://longbridge.com/en/quote/EOG.UK.md) - [603353.CN](https://longbridge.com/en/quote/603353.CN.md) - [XES.US](https://longbridge.com/en/quote/XES.US.md) - [OXY.US](https://longbridge.com/en/quote/OXY.US.md) - [IXC.US](https://longbridge.com/en/quote/IXC.US.md) - [EUN.UK](https://longbridge.com/en/quote/EUN.UK.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [IEO.US](https://longbridge.com/en/quote/IEO.US.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [IBEX.US](https://longbridge.com/en/quote/IBEX.US.md) - [XSER.UK](https://longbridge.com/en/quote/XSER.UK.md) - [XDDX.UK](https://longbridge.com/en/quote/XDDX.UK.md) - [DAX.US](https://longbridge.com/en/quote/DAX.US.md) - [OIH.US](https://longbridge.com/en/quote/OIH.US.md) - [VDE.US](https://longbridge.com/en/quote/VDE.US.md) - [03097.HK](https://longbridge.com/en/quote/03097.HK.md) - [XLE.US](https://longbridge.com/en/quote/XLE.US.md) - [IEUA.UK](https://longbridge.com/en/quote/IEUA.UK.md) - [CG1.UK](https://longbridge.com/en/quote/CG1.UK.md) - [XOP.US](https://longbridge.com/en/quote/XOP.US.md) - [513080.CN](https://longbridge.com/en/quote/513080.CN.md) - [03175.HK](https://longbridge.com/en/quote/03175.HK.md) - [BP.UK](https://longbridge.com/en/quote/BP.UK.md) - [L6EW.UK](https://longbridge.com/en/quote/L6EW.UK.md) - [DJSC.UK](https://longbridge.com/en/quote/DJSC.UK.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [IEZ.US](https://longbridge.com/en/quote/IEZ.US.md) ## Related News & Research - [OPEC lowers 2026 global oil demand growth forecast](https://longbridge.com/en/news/286256123.md) - [Federal probes eye $1.7B oil trade before Iran war news](https://longbridge.com/en/news/286150222.md) - [Record oil draw from US emergency reserve drives total volumes to two-year low](https://longbridge.com/en/news/286821970.md) - [Citi bull case Brent hitting $150 near term as oil markets under-price disruption risk](https://longbridge.com/en/news/286992430.md) - [Oil rises more than 1% after drone attack on UAE nuclear power plant](https://longbridge.com/en/news/286683769.md)