Persian Gulf Outlook Caps European Bourses Midday

fidelity
2026.04.07 11:35
portai
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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.