Europe stocks rebound stalls as U.S-Iran ceasefire comes under strain
CNBC • • business
Key Points:
- European shares declined on Thursday, with the Stoxx 600 index down 0.4%, as tensions rose following a fragile U.S.-Iran truce showing signs of strain.
- Major European markets opened lower, including the FTSE 100 down 0.1%, France's CAC 40 down 0.5%, and Germany's DAX down 0.9%, with travel and leisure stocks like Lufthansa and Tui dropping around 3.5%.
- Iran's parliamentary speaker accused the U.S. of violating the ceasefire within 24 hours, citing Israeli attacks on Lebanon, drone incursions, and uranium enrichment restrictions.
- U.S. President Donald Trump warned that American forces would remain deployed near Iran until full compliance is achieved and threatened a military response if the truce is breached.
- Asian markets also fell, with South Korea's Kospi down 1.53%, Kosdaq down 1.38%, and Japan's Nikkei 225 and Topix both declining by about 0.77%, following the geopolitical tensions.
